Your income is your greatest - but most vulnerable - asset. It gives you the security and freedom to plan for the future. Without it, you and your family's way of life, dreams, and aspirations could change dramatically.
The number of working women has grown from 18 million in 1950 to more than 68 million in 2008. Women now play leading careers in law, small business ownership, and technical occupations.
Married women and women who are part of a dual income family are not alone in the work force. Single women, including those with children are also major contributors to the economy. In addition, the number and percentage of families in which a woman is head of the household is also on the rise. In 2006, 14 million families were headed by women.
Presently, women make up almost 50 percent of the labor force. Never before has a woman's ability to work and earn an income been so critical to a family's well-being. But at the same time, statistics show that overall, women face a higher risk of disability than men across all age groups.
- Do you have enough money in savings to sustain you and your family if you could not work for 2 years, 5 years, Longer?
- Are you counting on Social Security disability payments? If so, consider this - approximately 70 percent of Social Security Claims filed in 2007 were initially denied. In addition, to qualify for Social Security, your disability must be expected to last for 12 months or end in death, and you must be unable to work in any occupation.
- Long term disability coverage at work is a good start but workplace disability benefits usually cover just a fraction of your income, and are often taxable.
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