The growth of voluntary products over the past few years has been consistent. Year over year, the growth rate is in the 3 percent to 5 percent range. This growth has been fueled by more benefit brokers offering voluntary and by employers adding more voluntary products to their benefits.

A recent study found that two-thirds or more of employers who offer voluntary products, regardless of size, offer three or more traditional voluntary products to their employees and, among these, about one quarter offer six or more. As the graph below shows, fewer than 20 percent of employers offering voluntary offer just one product.

But the trend towards offering more products is even more pronounced when we look at both traditional voluntary benefits as well as non-traditional products (pet insurance, ID theft, and legal). Now we see 30 percent of the employers who offer voluntary are offering six or more products.