Worse, nearly half of those that do, don’t believe the coverage is adequate.
Of the 500 workers surveyed,
- Two out of five had no long-term disability coverage
- Almost three-quarters said that their finances would be adversely affected if they were unable to work for a year or longer.
Workers also have a poorer understanding of their disability benefits in comparison to their other benefits such as life insurance and retirement and pension benefits.
Of those covered by disability insurance,
- some 43% said they did not know their basic long-term disability insurance benefit,
- while 41% did not think their disability coverage adequate to protect their income.