ANCHOR LEAD: New findings suggest the vast majority of Americans underestimate their risk of becoming disabled. It's Disability Insurance Awareness Month, are you financially prepared to be unexpectedly off the job? Brian Osuch has more: (:60)
SCRIPT: Newsbreak, I'm Brian Osuch. Although employers are making disability insurance coverage available to their employees, a new report from Prudential Group Insurance finds many of those on the job are not taking them up on the offer. Prudential's Bob Patience:
CUT: (Patience) The Disability Insurance: Beyond Paycheck Protection report, finds both long-term and short-term disability insurance programs are on the rise. However, only 28% of employees say their ability to replace earnings due to being out of work as a result of a disability is very good.
SCRIPT: In support of Disability Insurance Awareness Month, Prudential is highlighting the Council for Disability Awareness' five steps.
CUT: (Patience) Complete an Income/Expense Review to get a clear picture of how your money is coming in and going out. Second, assess the sources of income you would have, like employer sick pay. Third, explore employer-offered or individual disability insurance options that could fill any loss of income. Fourth, maintain a healthy lifestyle to help avoid disability. Finally, develop a plan in case you're faced with disability. Then update it annually.
SCRIPT: For more, visit Prudential.com/benefitsmatter. That's Newsbreak from Prudential.
Group Insurance coverages are issued by The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102.
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