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Disability can affect anyone at any age, any time.

Disability affects people of all ages. While the figures in the following charts suggest that a higher proportion of people aged 50-59 become disabled, this group also represents the highest proportion of disability insurance policyholders. It’s generally assumed that more people become disabled as they age, yet surprisingly almost one in five individual claims and one in four group claims are made by individuals under age 40. That’s all the more reason to consider disability insurance — no matter what your age.

Individual Disability Insurance Claims

Age disability
occurred

Percentage of claimants

under 40

17%

40-49

34%

50-59

39%

60 plus

10%

Group Long Term Disability Claims

Age disability
occurred

Percentage of claimants

under 40

26%

40-49

33%

50-59

36%

60 plus

5%

 

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No one expects to become disabled, yet it happens every day and usually without warning. Having disability insurance is an effective way to protect your lifestyle in the event you are no longer able to earn income.

What injuries and illnesses account for the most disability claims?

Below is a breakdown of the types and relative prevalence of disabilities drawn from RBC Insurance open disability insurance claims at the end of 2006.

Disabilities don’t distinguish between gender, age or occupation.

Occupation

Gender

Year of claim

Age at claim

Cause of claim

Claim paid to date

Accountant

Male

1994

47

Brain tumor

$458,416

Biologist

Male

2001

45

Schizophrenia

$242,366

Commercial artist

Female

2003

35

Retinal disorder

$68,000

Computer programmer

Female

1997

41

Brain injury

$216,105

Dentist

Male

1994

37

Rheumatoid arthritis

$1,375,700

Draftsman

Male

2004

54

Parkinson Disease

$78,300

Electrician

Male

2003

56

Respiratory disease

$38,885

Executive

Female

1989

33

Multiple sclerosis

$635,529

Farmer

Male

2004

25

Spinal cord injury

$102,725

Family physician

Female

1989

33

Multiple sclerosis

$635,529

Painter

Male

2000

31

Severe arthritis, both knees

$147,900

Photographer

Male

2003

51

Severe injury, both wrists

$85,104

This information is provided by RBC Life Insurance Company based on number of active claims at December 31, 2006 for group and individual disability insurance products underwritted by RBC Life Insurance Company.