September, 3, 2019 | By Lyle Adriano – Insurance Business America
A new survey found that a good portion of American workers are interested in group life insurance through their employer.
The online survey was conducted by The Harris Poll for OneAmerica. More than 1,000 US adults aged 18 years and older who are employed full or part-time participated in the study.
According to the survey, 59% of workers said they would purchase group life insurance via their employer if it was offered as an option. The survey also noted that 28% of the workers surveyed already have voluntary group life insurance.
Notably, the survey found that most respondents see group life insurance as a valuable worksite benefit because it is often unavailable to them to purchase individually. Those who have group life insurance said it gives them “peace of mind” should tragedy occur.
Nearly half of workers who do not have voluntary group life insurance (47%) said it is because their employer does not offer it.