Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Guardian: If You're Sick and Broke, Talk to Women

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

Women may be more likely than men to lend money to friends and relatives who are in need due to medical problems.

Guardian Life Insurance Company of America, New York, says 55% of women surveyed said they had lent money to friends or family members who were in medical distress. Only 34% of men said they had done so.

Guardian has published those figures in a summary of results from a February telephone survey of 504 men and 511 women, ages 18 and older, who live in private households in the United States.

Guardian says it undertook the survey to see how illness and the current poor economy have affected employees’ decisions about worksite benefits, particularly voluntary, employee-paid products.

Guardian found that 68% of full-time employees say they, their relatives or their friends have been disabled, seriously ill or too sick to work.

The company also found that 41% of those employees would consider paying the full costs of some benefits not currently offered by their employer, if the employer were to make those benefits available.

Asked which benefits they would consider paying for on a voluntary basis, 58% of the survey participants said disability insurance; 56%, critical illness insurance; 55%, dental insurance; 52%, life insurance; and 48%, vision benefits.

But 38% of the survey participants said they did not what the difference was between critical illness insurance and disability insurance, and 38% said they did not know the difference between critical illness insurance and medical insurance.

-tt


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.