Articles
Voluntary Supplemental Insurance- The Working and Importance
by Brian Honan Employee benefits consulting firmLife insurance is an important part of an employee benefits package that support employees’ financial wellness.
As
an employee, the main concern is to protect the things that are valuable to
them. And, at the top of the list are family and loved ones. And, if an
emergency occurs, life insurance can help them manage expenses- from everyday
bills to big expenses like car payments, mortgages, and loans. Opting for
voluntary life insurance program can be the best choice.
In the 2017 benefit year, ‘voluntary coverage increased by 138 percent in the West, 567 percent in the Midwest, 208% in the South and 59% in the Northeast, compared with the previous benefit year.’
Life today is so uncertain that nobody knows what would happen in the next moment. Not even a single individual would imagine getting injured or unwell. But, unfortunately, if it happens, how will you deal with the situation? Are you prepared for it?
Usually, the answer is No.
However, it is very important to understand that getting insurance coverage is important.
The employees look forward to opting voluntary life insurance program owing to the uncertainty in life.
According to the BLS, “60 percent of US employers offer life insurance benefits for full-time employees.”
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About Brian Honan 
Employee benefits consulting firm
1 connections, 0 recommendations, 14 honor points.Joined APSense since, August 13th, 2018, From North Plainfield NJ, United States.
Created on Feb 7th 2019 07:09. Viewed 422 times.
