I think it’s only natural that when people are dating, all the factors that we explored in the survey come into play—from what your partner looks like, to if they make you laugh, to what they do for a living. It’s when things become serious and you’re looking to settle down that you have to start asking some of the tougher questions, questions that may make you feel uncomfortable. For example, does the other person have a lot of debt or other financial obligations?
This statistic is startling: 7 in 10 employed Americans would feel the financial pinch in a month or less without their paycheck. And when you dig a bit deeper, you find that 1 in 4 working Americans would feel the pinch immediately. These are just some of the findings from the new survey from Life Happens “What Do You Know About Disability Insurance?”
Many of us in our 20s are filled with hope and optimism about the new jobs we have—or will work into, perhaps finding a partner and starting a family, maybe even buying a home. In short, designing a life “we” want to live, not one that’s been dictated to us. So, it’s not often we contemplate how those dreams could be derailed by an accident or illness that takes away our ability to earn a living and fund our dreams.
Join Life Happens on May 1 at 1E as we moderate a Twitter Chat focused on how important disability insurance is and why this is so critical for anyone who works and relies on their paycheck (and who of us doesn’t). Despite this fact, only 20% of employed Americans say they have disability insurance.
Each year Life Happens and LIMRA join forces to get the latest and greatest information about what consumers are thinking when it comes to their financial concerns as well as what insurance coverages they do or don’t have—and why! And that’s just the start. Here are some of the key findings: