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As a whole, Gen Y (ages 21-31) is very interested in obtaining financial protection through their employers' benefits offerings -- more so even than older generations.
When West Pharmaceutical Services, a medical device company headquartered in Exton, Pennsylvania, surveyed employees at its corporate head office, it found that roughly 8% of the 400 employees at that location were interested in either receiving more information about special-needs education or receiving immediate help to navigate the school system for their special-needs child.
New plan designs mean "real opportunity" for sales to a key demographic in the long-term care market.
Having a growing and profitable voluntary business will be a key to survival for many brokers in the health reform era.
Commentary: Voluntary benefits used to be nice-to-have, now they are must-have benefits, says columnist Nelson Griswold. To sell voluntary to the client, dont ask, tell.
As interest increases in employers offering voluntary benefits, a particularly large number of employers are beginning to add a more robust range of voluntary benefits to improve morale of existing employees and attract new talent.
Voluntary benefits are increasingly seen by employers as an affordable way to fill gaps in benefit programs. According to legal solutions provider ARAG, four factors can play a critical role in the success of an employer's voluntary benefit participation.
For U.S.-based multinational companies, administering and communicating benefit plans in multiple countries each with its own regulatory regime and unique workplace culture is no simple task.
While online training and development courses may have a bad rap for being mundane, new strides are being taken to create more innovative and engaging programs with a focus on human achievement.
Employees arent shouting from the roof over how great their employer-sponsored benefits are. In fact, satisfaction is sitting at some of the lowest levels since 2008, according to new data released from Unum.
Commentary: Companies across America are scrambling to discover the secret formula for engaging the millennial generation with their benefits. Blogger Matt Burns unveils a few tips on how benefit advisers can help.
New data reveals only 46% of middle-market consumers have individual life insurance, and that more than three quarters of consumers age 25-64 say they would benefit from more close guidance from financial services professionals in adding that important voluntary benefit.
Millennials took a big financial hit during the recession, with wounds that are still fresh and unlikely to heal quickly, and a growing, under-utilized industry is hoping to build some new momentum.
Commentary: In this digital information age, its imperative to closely guard personal information. If you pay attention to the news, youre familiar with the concept of identity theft, the potential loss of financial information. However, theres a new emerging type of identity theft medical identity theft and it can literally kill you. Heres how your employees can protect themselves.
Sharla St. Rose, director of voluntary benefits at NFP Corporate Services, shares her passion for the product lines and why all brokers need to educate themselves on these benefits