Close
ThinkAdvisor

Life Health > Health Insurance

MetLife: Protecting Income May Protect Happiness

X
Your article was successfully shared with the contacts you provided.

Workers who suffered through disabling health problems with inadequate insurance tend to report being much less happy than comparable workers who had adequate disability coverage.

Researchers at a unit of MetLife Inc., New York (NYSE:MET), have reported that finding in a summary of results from a survey of 300 U.S. workers ages 25 to 55 who had experienced a disability that was not related to pregnancy or a workers’ compensation case and had lasted 6 months or longer. All of the survey participants have returned to work.

Only about 40% of the survey participants had disability insurance, and the participants who did have disability coverage had enough to cover an average of just one-third of their income, the researchers found.

When the researchers compared participants with inadequate disability coverage to participants with adequate coverage, they found that 90% of the participants with inadequate coverage said they felt the disability had had a major or devastating effect on their emotional lives, compared with 63% of the participants who had reasonably adequate disability coverage.

Similarly, 54% of the participants with inadequate coverage said their disability had a major or devastating impact on their relationships, compared with 37% of those who had reasonably adequate coverage.