Employed individuals are finding additional forms of coverage to be increasingly important

Disability Insurance

A study by The Hartford has shown that single workers don’t have the protection they need in case of injury or illness. Standard employer sponsored health coverage is leaving a widening gap in the protection it provides, making disability insurance and other additional support policies much more important to workers. According to the results of new research performed by The Hartford, this is especially true among those who are employed and single. It is these individuals who are least likely to have a financial safety net in case they should…

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Report shows workplace disability insurance protects workers and saves taxpayers

A study commissioned by Unum, the leader in employee benefits, and performed by Charles River Associates, has shown that group disability insurance protects up to half a million families from poverty, and directly saves taxpayers and the government up to an estimated $4.5 billion every year. According to The Wharton School emeritus professor David F. Babbel, who is the Charles River Associates leader of the Insurance Economics Practice, the study “quantifies the immense economic value financial protection products such as disability, life and long term care insurance provide American workers.”…

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Disability Insurance: U.S. workers underinsured

A recent survey performed by The Hartford insurance company showed that over 50 percent of US workers are without disability coverage and the percentage continues to climb.  The research suggested that only 44 percent of U.S. workers have a form of long-term disability coverage, while 49 percent have short-term disability coverage.  When compared to 2010 the percentage for long-term disability insurance dropped by 3 percent and short-term disability insurance fell by 6 percent.  Executive vice president, Ron Gendreau for the Group Benefits at The Hartford said that “We are concerned…

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