Insurance Matters with James McGrane » voluntary benefits http://jjmcgrane.com Aflac Insurance Programs Fri, 13 Aug 2010 15:41:28 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Survey indicates economy does not change consumer need for Aflac products http://jjmcgrane.com/survey-indicates-economy-does-not-change-consumer-need-for-aflac-products/ http://jjmcgrane.com/survey-indicates-economy-does-not-change-consumer-need-for-aflac-products/#comments Tue, 03 Nov 2009 15:34:02 +0000 admin http://jjmcgrane.com/?p=13 Despite the economy, a survey of 833 employers* shows the majority have not seen voluntary benefits participation levels change during the past year. Of those who have seen changes, the number reporting participation increases (14.4 percent) was nearly double that of those reporting decreases (7.9 percent).

Why did participation go up? Employers reported that their employees:

* Appreciate a broader range of benefits – 52 percent.
* Are assuming more responsibility for their health and welfare – 43 percent.
* Are seeking ways to manage risk – 26 percent.
* Are looking for advice and guidance on financial loss – 23 percent.
* Are seeking ways to cover themselves and/or dependents as a result of spousal job loss – 23 percent.
* Are seeking portable benefits due to decreased job security – 12 percent.

These survey results show that consumers want voluntary coverage now more than ever.  Employers understand the value of offering Aflac products.  Regardless of the economic situation,  consumers and decision-makers need the peace of mind Aflac can help offer.

* Top Trends in Voluntary Benefits: Survey Results, International Foundation of Employee Benefit Plans, August/September 2009. Ninety-one percent of survey respondents represent corporations.

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