Top Takeaways
Disability insurance is one of the least understood types of insurance coverage
Few people currently buy disability insurance, presenting an opportunity for employers to increase access and adoption
While consumers generally don't buy disability insurance because they think they don't need it, price is the biggest barrier for LMI consumers
Data Spotlight
How well do you understand the different features of disability insurance that you can buy (e.g., what percentage of your income will be replace, how disability is defined, etc.)?
Purchased/share cost of short-term or long-term disability through work or outside work
Most people say they don’t understand disability insurance very well, highlighting an opportunity for providers to educate consumers so they can shop with confidence.
Our Supporters
This paper benefits from financial support from The Prudential Foundation. The opinions expressed in this report are those of CFSI and do not necessarily represent those of our sponsors.