ANCHOR LEAD: The 2013 Social Security Administration statistics note that a 20-year-old worker has a three in 10 chance of becoming disabled before retirement age. With the likelihood of becoming disabled impacting so many… Brian Osuch finds out why now is a good time to think about disability insurance. (:60)
SCRIPT: Newsbreak, I'm Brian Osuch. Are you financially protected in the event you're not able to work? The majority of Americans are not – a 2014 survey from the Council of Disability Awareness finds 57% of Americans report not having private disability insurance. Prudential Group Insurance's Vice President of Disability, Jake Biscoglio…
CUT: (Biscoglio) If you're unable to work, your income has been reduced or eliminated while your living expenses remain the same. The purpose of disability insurance is to help provide income to pay the expense of life even though you can't work due to a disability.
SCRIPT: May is Disability Insurance Awareness Month, and according to the Council for Disability Awareness, one third of people surveyed would consider buying disability insurance if they knew more about it.
CUT: (Jake Biscoglio) You can enroll in disability insurance through your company's workplace plan, or investigate private or individual options. Disability insurance provides an all-encompassing level of coverage for illnesses or injuries that occur in or outside the workplace. And be sure to consult with a financial professional to ensure you have adequate coverage.
SCRIPT: For more, go to prudential.com/disabilityinsurance. That's Newsbreak from Prudential.
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