February 23, 2017 | By Cyril Tuohy | Insurance News Net
When it comes to supplemental insurance coverage, workers dont know nearly as much as what they think they know.
The gap between what employees know and what they think they know was published as the second set of findings from the fourth annual Guardian Workplace Benefits Study issued by Guardian Life Insurance in New York.
A few sample questions and answers from a quiz reveals employees tenuous grasp of supplemental coverage:
Question: In a critical illness policy, can payouts reimburse caregivers for lost income? Answer: False. Percent of respondents who answered incorrectly: 57 percent
Filling the Support Gap
The gap between what employees know and what they think they know represents an opportunity for advisors, said Gene Lanzoni, assistant vice president of thought leadership with Guardian Life Insurance Company in New York.