Disability Income Insurance

Disability income (DI) insurance helps protect individuals and their families from financial hardship when illness or injury prevents them from earning a living. DI insurance replaces a significant portion of income of disabled workers, allowing them and their families to continue meeting their household expenses and protecting them from taking on additional debt or losing their assets. Employers may offer short-term disability coverage, long-term disability coverage, or integrate both of these as part of a competitive employee benefits package.  Workers can also purchase DI coverage individually. 

Disability InsuranceAHIP works to ensure Americans' financial security through robust insurance markets, product flexibility, and an abundance of consumer choice. We seek to empower consumers with the information they need to make informed decisions about financial protection and insurance coverage.

As part of these ongoing efforts, AHIP partnered with the Life and Health Insurance Institute for Education (LIFE) to commission the report, The Impact of Disability, which was authored by the Milliman actuarial firm. The report shows the financial impact of disability through analysis of four representative household disability scenarios, and illustrates how the financial impact can be ameliorated by disability income benefits from various sources, including the Social Security Disability Insurance program. Finally, the report provides information on the non-financial impacts of disability.

You can find the highlights of this study, and other disability income insurance information and resources, at www.YourIncomeAtRisk.org.
 


Latest Resources

Guide to Disability Income Insurance - [PDF]

This guide by America’s Health Insurance Plans includes information about how much income an individual would need if he or she became disabled and were unable to work. The guide also includes a checklist to help compare disability income insurance policies.

Reports/Research/White Papers | Product Policy | 02/27/2014

Bipartisan Legislators Form Congressional Income Protection Caucus

A new group of bipartisan legislators from the House and Senate are working together to raise awareness of the importance for Americans to protect their most valuable asset: their ability to earn a living.

AHIP Coverage Blog Posts | Strategic Communications | 11/01/2013

New Report: Disability Insurers Saving Federal Government $2 Billion Annually, Extending Life of SSDI Program

As a result of private disability insurers’ return-to-work programs, nearly 65,000 employees each year rely less or not at all on public disability programs, saving the federal government $2 billion each year, according to a new first-of-its-kind analysis from Charles River Associates prepared for America's Health Insurance Plans (AHIP).

Press Releases | Strategic Communications | 09/26/2013

Private Disability Insurance and Return-to-Work: Cost Savings to SSDI and Other Federal Programs

AHIP E-Pub - Private Disability Insurance and Return-to-Work: Cost Savings to SSDI and Other Federal Programs 
 

09/25/2013

Your Income at Risk

Your Income at Risk is a non-profit, educational and grassroots initiative by America’s Health Insurance Plans (AHIP) that is working to help ensure Americans' financial security. The goal of the organization is to raise awareness about disability income insurance, which can help protect individuals and their families from financial hardship when illness or injury strikes.

Advocacy and Coalition Websites | Product Policy | 10/02/2012

Disability Income Insurance - What You Need to Know

In acknowledgment of Disability Insurance Awareness Month (DIAM), which takes place in May of each year, this blog post contains a collection of research and other resources on the value of disability income insurance.

AHIP Coverage Blog Posts | Product Policy | 06/05/2012

Trends and Innovations in Disability Income Insurance

Highlights of disability insurers’ creative programs to help employees and employers overcome multiple challenges and succeed in a difficult economy.

Reports/Research/White Papers | Center for Policy and Research | 01/05/2010

Trends and Innovations in Disability Income Insurance (Report) - [PDF]

Highlights of disability insurers’ creative programs to help employees and employers overcome multiple challenges and succeed in a difficult economy.

Reports/Research/White Papers | Center for Policy and Research | 01/05/2010

Board of Directors’ Statement on the Value of Disability Income Insurance Coverage - [PDF]

America’s Health Insurance Plans (AHIP) Board of Directors issued a statement regarding the need for – and value of – private disability income insurance.

AHIP Board of Directors Statements | Product Policy | 06/03/2009

Financial Impact of Disability - [PDF]

The Life and Health Insurance Foundation for Education (LIFE) and America’s Health Insurance Plans (AHIP) engaged Milliman, Inc. to prepare this report examining the impact of disability on individuals in the United States. Research shows that many Americans underestimate their risk of experiencing a disability and overestimate the resources available to them in such an eventuality. These misconceptions lead to a poor understanding of the full impact a disability can have on an individual’s life.

Reports/Research/White Papers | Product Policy | 05/15/2009

Financial Impact on Disabled Individuals Can Be Staggering, Says New Study

Arlington, VA, and Washington, DC - May 15, 2009. The financial impact on individuals who become disabled can be staggering if they lack disability insurance as high as 20 times a person's annual salary, finds a new study released today by the nonprofit LIFE Foundation and America's Health Insurance Plans (AHIP). Conducted by the global consulting firm Milliman, Inc.

Press Releases | Strategic Communications | 05/15/2009

Four out of Five Disability Income Insurance Claimants Are Satisfied with their Policy

Washington, DC - Four out of five disability income insurance claimants are satisfied with their policy, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP). Disability insurers are providing valuable income protection and innovative services that are helping to meet the needs of disabled workers, said Karen Ignagni, President and CEO of AHIP.

Press Releases | Strategic Communications | 06/05/2008

Many Baby Boomers Incorrectly Believe they Are Protected Against the Risk of Disability

Washington, DC. Many baby boomers incorrectly believe they have disability income protection, according to a new survey conducted by Harris Interactive. on behalf of America's Health Insurance Plans (AHIP). Most say that disability insurance is important to protect their income, but nearly half say they do not have any disability income protection.

Press Releases | Strategic Communications | 05/22/2008

Most Baby Boomers are Financially Unprepared for a Potential Disability

Most baby boomers say they are financially unprepared for a potential disability, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP). Baby boomers would have difficulty paying bills and many would have to tap into their retirement savings if a disability occurred.

Press Releases | Strategic Communications | 05/12/2008

Most Baby Boomers Overestimate Breadth and Depth of Public Safety Net for Disabled Workers

Most baby boomers overestimate the breadth and depth of the public safety net available for workers who suffer a disability, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP). Baby boomers believe public programs provide disability benefits to more people than they actually do and most overestimate the amount of benefits available.

Press Releases | Strategic Communications | 05/05/2008

New Harris Survey Finds that Most Baby Boomers Underestimate Disability Risk

Washington, DC - Most Baby Boomers underestimate their risk of suffering a disability that would cause them to miss work for an extended period of time, according to a new survey conducted by Harris Interactive on behalf of America's Health Insurance Plans (AHIP).  The survey also found that Baby Boomers are unaware of the most common causes of disability and are not too concerned about their risk of becoming disabled.

Press Releases | Strategic Communications | 03/07/2008

An Employer’s Guide to Disability Income Insurance - [PDF]

An Employer’s Guide to Disability Income Insurance helps employers understand the benefits of offering disability income coverage to their employees, and introduces key concepts regarding the provisions of group disability insurance policies.


Reports/Research/White Papers | Product Policy | 03/13/2007

Disability Insurance: A Missing Piece in the Financial Security Puzzle - [PDF]

This chartbook looks at the handful of factures that give disability insurance the dubious distinction of being a "missing piece in the financial security puzzle."

Reports/Research/White Papers | Center for Policy and Research | 10/01/2004

Disability Income Insurance

Disability income (DI) insurance helps protect individuals and their families from financial hardship when illness or injury prevents them from earning a living. DI insurance replaces a significant portion of income of disabled workers, allowing them and their families to continue meeting their household expenses and protecting them from taking on additional debt or losing their assets. Employers may offer short-term disability coverage, long-term disability coverage, or integrate both of these as part of a competitive employee benefits package. Workers can also purchase DI coverage individually.