Many employees depend on employer-sponsored benefits to help them achieve their financial security and wellness goals. An often under-appreciated benefit is group life insurance – especially with younger employees who are dealing with large amounts of debt in their lives. According to Money magazine, the average debt for a person under age 35 is $67,000. Life insurance can safeguard other family members against the most common types of debt including mortgage, student loans and can help with funeral expenses. The entire month of September is devoted to Life Insurance Awareness and it is a perfect time for employers to educate and encourage their employees to enroll in this important benefit.
Share this infographic about the importance of life insurance with your employees.
You also might also enjoy this article on the subject – The True Value of Life Insurance in Overall Financial Wellness by Greg Poulakos, Anthem’s President of Disability, Absence, Life & Supplemental Health business.
Contact your insurance broker, benefits consultant or insurance carrier for more ways life insurance can protect the financial health of your employees.
Jason Kinzy is a marketing manager at Anthem, Inc. and is responsible for the promotion of Anthem’s specialty business (dental, vision, voluntary, life and disability plans) to members, employers and brokers. He has 20 years of health care marketing communications experience.