Valentine’s Alert: Educate Your Workforce on Providing for Their Loved Ones
February 07, 2012According 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”