It’s DIAM! Stats that May Surprise You!

Disability Insurance Awareness Month (DIAM) serves as a reminder to start the conversation with your clients on how to protect their income in the event they become unable to work due to illness or injury. Below are some facts that highlight the importance of having disability insurance. This May, talk with your clients about why a Mutual Income Solutions disability income insurance policy is such a critical part of their comprehensive financial strategy!

• 61% of consumers would feel financial hardship in 1 year should the primary wage earner become ill or injured.
• 49% of consumers would feel financial stress in 6 months.
• If a primary wage earner becomes too ill or injured to work, 51% would turn to personal savings, 32 % would ask family for help, 26% would turn to retirement accounts, and 22% would turn to credit cards and loans.

Start the conversation today! Here are resources to help you get started. 

• Creating a Cross-Sell with Life Insurance →
• Putting the Return of Premium Rider to Work →
• Product Guide →
• Highlight Sheet →

Social Media — Follow our Brokerage Facebook Group and our Brokerage LinkedIn page.

Source: https://www.limra.com/siteassets/newsroom/fact-tank/fact-sheets/2023-Fast-Facts-about-Disability-Insurance.pdf