The pandemic has spurred many people to start end-of-life planning. Sixty-five percent of consumers now have a will and a life insurance policy, according to a survey by Consumer Affairs. Respondents took out an average of $60,000 in coverage for a life insurance policy.
Ten years is the most typical term. Encouragingly, 88% say their life insurance policy meets their needs.
Unfortunately, 38% of workers say they can’t afford to purchase life insurance on their own. That’s why life insurance can be a very valued employee benefit.
You can address financial exposure and anxiety with Unum life plans through CoPower’s bundled (2-99) and stand-alone (2-249) product portfolios. These offerings include:
- Basic group term life with AD&D, Waiver of Premium, EAP and Travel Assistance
- Composite rates for all group sizes. No industry loads. Guaranteed issue
- Supplemental voluntary term life with no participation requirements
Unum also offers a long-term disability plan that can be paired with CoPower’s bundled or stand-alone product portfolio plan for groups of 10 to 249 employees.
Contact us today to find out how simple it is to offer quality life insurance to your groups.