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Less than half of employed Americans have workplace group life insurance

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Staff Writer | September 2, 2017
When asked if they had auto, health or home insurance, 80 percent of Americans say they have at least two of these.
American woman worker
America   Keeping benefits costs low
But over half of employed Americans (55 percent) don't have voluntary group life insurance provided by their employer.

In a March 2017 survey conducted online by Harris Poll on behalf of OneAmerica®, only 45 percent of employed Americans claim to have voluntary group life insurance provided by their employer.

But the survey of 2,167 U.S. adults ages 18 years or older, among whom 1,110 are employed, showed that it wasn't because of a lack of interest.

Instead, the survey found that many employees who do not have voluntary group life insurance provided by their employer say their employer doesn't offer it (45 percent).

Less than half of employed Americans (45 percent) have voluntary group life insurance provided by their employer.

Among those who don't have voluntary group insurance provided by their employer, only a small percentage (9 percent) said they had other obligations or did not see the value in it (14 percent).

Life insurance is one of the most important types of insurance coverage available to support long-term financial security. Being covered can protect loved ones' financial futures in the case of death.

Companies who offer voluntary group life insurance keep their own benefits costs low and give their employees a valuable, lower-cost life insurance option than the employees would find in the individual insurance marketplace.


 

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