Nearly half of workers polled fear the financial impact of a critical illness more than dying from one, new research reveals.
Sun Life Financial reports this finding in a summer 2013 white paper on critical illness insurance, "Well-placed fears: workers' perceptions of critical illness: What every employer needs to know." Administered by Kelton Research, the online survey polled 4,116 full-time U.S.-based employees, the median household income and age of respondents being $51,000 and 43, respectively.
When asked to identify their greatest concern in case of a critical illness, 47 percent of survey participants named "finances." That's a significantly higher percentage than the third (29 percent) who flagged "dying" or the fifth (22 percent) who cited "the emotional burden."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
