Financial services company employees tend to have insurance coverage that is similar to the coverage owned by employees in other industries who earn less.

Researchers at MetLife Inc., New York, are reporting that finding in a summary of results from a survey of 500 full-time financial services company employees and 1,202 full-time employees in other industries. All participants were ages 21 and over.

The financial services company participants included employees in the insurance, finance and real estate industries.

Many financial services employees were unfamiliar with basic insurance coverage concepts, such as the difference between disability insurance and workers’ compensation insurance, the MetLife researchers report.

About 35% of employees making over $100,000 per year have not considered including annuities in their retirement arrangements, and 45% of the employees in that income category have not discussed post-retirement medical costs or looked into the cost of paying for long term care for elderly relatives.

When researchers broke out results for financial services employees earning less than $50,000, they found that 40% lack disability insurance and 34% lack term life insurance.