An Underestimated Issue: Disability Insurance Awareness Month
Approximately every 7 seconds, a working-age American suffers a disabling injury or illness that will last for at least one month.1 If this happened to your members, would they be able to make their loan payments or pay bill their bills?
May is Disability Insurance Awareness Month. It is a great opportunity to share the importance of protecting what matters against the unexpected with your members.
Consider the Facts
“According to industry studies, more than 20% of workers under 40 say they are more likely to win the big lottery jackpot than become unable to work due to illness or injury2,” says Ryan Frantzen, National Sales Director of Securian’s Financial Institution Group.
“There is a major disconnect between what people think may happen and what actually may happen. We feel it’s important to help financial institutions inform their customers and help them plan to be smart, not lucky.”
Take Action
You can take action and help reduce your member’s financial burden in the event of an unexpected disability with mortgage disability programs designed to provide for payment of monthly mortgage loan payments.
Talk to your members to see if they would be prepared or able to pay their bills or mortgage without a paycheck. Securian’s programs may help them cover these payments for a certain time frame and protect what matters.
While we highlight the importance of disability insurance awareness during the month of May, it’s imperative to share this information with your members throughout the entire year.
For more information, please contact Ryan Frantzen at 651.665.1497 or ryan.frantzen@securian.com.
Securian is the NAFCU Services Preferred Partner for credit insurance and debt protection solutions for credit unions. For additional information and educational resources from Securian, visit www.nafcu.org/securian.
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1 DisabilityCounter.org, America’s Disability Counter, (data is updated periodically)
2 Council for Disability Awareness, 2014 Disability Awareness, 2014 (page 3)