Disability income insurance helps workers protect their income and take leave with budget protections in case of an accident or illness.
American workers depend on this type of short-term or long-term insurance. One in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.
Life insurers are dedicated to expanding access to disability income insurance – both through the retail market and workplace – to deliver workers the coverage they need.
Life insurers paid out $20.8 billion in disability income insurance benefits in 2024.
Disability income insurance provided by life insurers will save $8 billion in Social Security Disability Insurance expenditures over the next 10 years.
92% of disability insurance claimants are happy with their short-term coverage provided through their employer.
Disability income insurance provides a monthly benefit to help Americans stay on top of daily expenses without depleting savings. (1:16)
