Have you ever wondered how long you could survive without a paycheck?
According to the Counsel for Disability Awareness, more than 1 in 4 20 year olds will be disabled for at least 90 days during their career, which will have a serious effect on their paycheck 1 in 8workers will be disabled for five years or more during their working careers.
A typical female, age 35, with a professional occupation, average height (5’4”) and weight (125lbs), non-smoker, and who leads a healthy lifestyle – has a 24% chance of becoming disabled for 3 months or longer during her working career. There’s a 38% chance that her disability would last 5 years or longer.
For a similar typical professional male, age 35, average height (5’10”) and weight (170lbs), non-smoker, and who leads a healthy lifestyle – he would have a 21% chance of becoming disabled for 3 months or longer during his working career.
The question then becomes…if there’s almost a 1 in 4 chance you could be disabled this year, how long could you survive with no paycheck?
Helping professionals get peace of mind when facing an uncertain future is what we do. Please give us a call or text us at 704-707-5788.
Billy Gwaltney
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