If you are wondering about the need for Long-Term Disability Insurance, but figure you are covered with Social Security. Be sure to consider:
65% of initial SSDI claim applications were denied in 2012
To receive benefits, you must prove that your disability prevents you from working in any profession-not just your current profession.
The average Social Security Disability Insurance payment for disabled workers was only $1,130 per month in 2012.
SSDI only covers disabilities expected to last 12 months or longer or end in death.
Social Security Disability benefits are subject to federal income tax with the amount includable in income based on total amount of gross income (including tax exempt income).