NAIFA President John Nichols “is a walking example of the disability insurance he sells,” says Employee Benefit Adviser magazine. The publication’s profile of Nichols explains how he recovered from an extremely serious water skiing accident and how his individual disability coverage provided the financial freedom he needed to complete his lengthy rehabilitation and continue a successful career.
Since the accident, Nichols has thrived as an advisor and become a leading advocate for disability insurance products.
You can read the entire article on the Employee Benefit Adviser website or in the November issue of the magazine.
Some Facts About Disabilities and Disability Insurance
- 69 percent of the American workforce (about 100 million people) has no private disability insurance.
- Slightly more than 25 percent of 20 year olds will become disabled before they retire.
- The average long-term disability claim lasts for 34.6 months.
- Just over 12 percent of workers will be disabled for five years or longer before retirement age.
- 95 percent of disabling accidents and illnesses are not work related and therefore not covered by Workers' Compensation.
More information on disability insurance is available from the LIFE Foundation.