Valentine’s Alert: Educate Your Workforce on Providing for Their Loved Ones

February 07, 2012

According to a recent study by LIMRA, over 30% of U.S. households have no life insurance coverage, and this includes close to 11 million households that have a child under age 18 who SHOULD have coverage as part of their financial plan.  “Well, that’s not my employees”, you may be thinking since your company benefits probably include employer-sponsored life insurance.  On average, most companies provide a company paid benefit of 1 x the annual salary of their employees.   But with 1 x  their salary, that leaves many workers severely under-insured,  since the common rule of thumb is that you need at least 6 to 10 times your annual income if you have loved ones at home that rely on your income.  Continue reading “Valentine’s Alert: Educate Your Workforce on Providing for Their Loved Ones”