Test Your Life Insurance Knowledge

How much do you know about life insurance? Take the following quiz to find out: 1. Life insurance is the most commonly offered employee benefit, after health insurance. True or false? True. According to the Bureau of Labor Statistics, 55 percent of all workers in private industry have access to life insurance benefits (2016 figures).…

Pet Insurance: Coverage for Four-Legged Family Members

Many studies have shown the positive benefits of having pets. Your employees would likely agree. If they’re like most Americans, 39 percent have at least one dog and 33 percent have at least one cat. And many Americans consider their pets as family members. Love isn’t free, though. The Ontario Veterinary Medical Association has estimated…

Voluntary Benefits are a Hot Commodity

More employers are turning to voluntary benefits as a cost-effective way to help employees protect their financial assets. Employees, too, are looking for more robust benefit packages. A 2017 Aflac WorkForces Report reveals that 77 percent of employees expect their employers to offer dental insurance, while 70 percent want vision insurance. Nearly half of large…

Voluntary Benefits: The Upside of Giving Employees a Choice

Many employers rely on a robust benefit package to attract and retain employees. The challenge is determining which benefits will appeal to a diverse employee base. The best solution for many employers is customization. A benefits package that goes beyond the usual medical, dental and vision insurance can include a selection of voluntary benefits. According…

3 Tips to Expand Voluntary Benefits and Save Money

At a time when employers are trying to solve talent gaps while juggling tight budgets, the popularity of voluntary benefits continues to gain traction—with voluntary benefits’ sales increasing for the fifth straight year, according to LIMRA. Voluntary life insurance sales grew 8 percent and supplemental health insurance sales grew 4 percent in 2015, according to…

Voluntary Benefits Help Reduce Financial Stress

Employers are increasingly offering voluntary benefits as a way to improve financial well-being, new research found. According to the 2016 Xerox HR Services Financial Wellbeing & Voluntary Benefits Survey, two-thirds of companies are integrating more voluntary benefits to supplement their core benefits package to promote financial wellbeing and reduce stress among their workers. Xerox research…