Most Baby Boomers Underestimate their Risk for Disability
Check out these Three Steps for Staying Healthy
While the current economic crisis has revealed the vulnerability of many Baby Boomers’ savings and retirement plans, millions have yet to realize another major threat to their financial security: disability. With inadequate savings, considerable debt and no or insufficient long term disability (LTD) insurance, over half of the Boomers polled in a recent survey by America’s Health Insurance Plans said that they are financially unprepared for a disability.
And worse yet, Baby Boomers – who represent the largest and wealthiest generation in American history – are unaware of the leading causes of disabilities. Not only does this put their health and well being at risk, but also their financial security.
Over a quarter of all Baby Boomers mistakenly believe the most common causes of disability are due to back, muscle or joint injuries. But in actuality, the most prevalent causes of disabilities are illnesses: cancer and heart disease lead the list, according to the research done along with the study.
The best way to prevent disabilities caused by illnesses is through early diagnosis and treatment. Boomers should also make sure that they:
q Eat right. Research shows foods such as blueberries and cinnamon may have cancer-preventive properties, and avocados and wild-caught salmon are heart-healthy super foods.
q Exercise daily. Most experts agree that just 30 minutes of moderate exercise can reduce the risk of heart attack, diabetes and stroke.
q Get regular check-ups. Sudden changes in weight, sleep patterns or appetite may be signs of an illness. Blood tests can diagnose a host of illnesses.
Early diagnosis and treatment can help you weather the storm physically, while financial protection, such as LTD insurance, can help you get through the economic impact of a disability.
LTD insurance pays you a monthly benefit that you can use to help pay your expenses if you become totally disabled and cannot work to earn a living. It’s money for mortgage payments, childcare, tuition bills … whatever costs you incur, you can pay with a monthly LTD benefit.
Many LTD plans also offer return-to-work features that help you ease back into the workplace when you’re ready. Evaluate a number of plans and choose one that works for your lifestyle. Like changing your diet or fitness regimen, LTD insurance can help you stave off the adverse effects of a disability.
Courtesy of The Prudential Insurance Company of
Control # 0151226-00001-00
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