X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Basic employer-paid life insurance is a key foundation to many U.S. workers’ financial safety nets.  However, while the typical one or two times salary benefit might be enough coverage for some employees, others will have family and financial situations that require more.  Offering supplemental life insurance on a voluntary basis is a cost-effective way for employers to help employees obtain the right amount of insurance for their needs.  It is also a way to enhance the group life benefits program as an employee retention tool – an end result which employers may not realize.  MetLife’s 9th Annual Employee Benefits Trends Study found that 59% of U.S. workers say non-medical benefits such as dental, disability and life insurance are important factors in driving loyalty toward their employer, however, only 37% of employers thought so.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.