Workers within the manufacturing, health care and education sectors tend to lack adequate disability coverage, which could pose major risks to their financial protection, according to an analysis by Colonial Life.
Typically, manufacturing workers buy approximately half the amount of disability coverage they need, the analysis finds.
Disability coverage generally covers 60 percent of one's income, but manufacturing employees tend to buy only enough coverage for 33 percent of their pay. Meanwhile, education workers only buy enough disability coverage for 37 percent of their income, while health care employees purchase enough for 37 percent of their income.
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