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June 09, 2015 at 03:30 AM
Disability insurance marketers may have room to increase small employers’ belief in the idea that offering long-term disability (LTD) insurance can improve operations.
Analysts at the Consumer Federation of America (CFA) and Unum Group Corp. (NYSE:UNM) have presented data supporting that argument in a summary of results from a recent survey of about 500 benefits decision makers at employers with 10 to 99 employees.
The analysts found evidence that employers are aware of the shaky state of many workers’ finances.
About 94 percent of the employers disagreed with the statement that, “Most employees have enough savings to cover normal living expenses if they become unable to work due to illness.”
