The death or disability of a primary wage earner can be financially devastating, compromising a family’s “financial wellness.” Financial wellness includes living within a budget, saving adequately for retirement, maintaining health insurance, and protecting against the risk of premature death, disability, and prolonged illness.

Voluntary benefits, such as 100% employee-paid term life, disability, critical illness, long-term care, and retiree insurance coverages, help increase the financial wellness of employees without adding cost or administrative burden to employers.

According to research conducted by Prudential, education and communication to employees is key to the success of any Voluntary benefits plan. You can read more about this topic in the Voluntary Benefits White Paper and in the additional information below.

Bob Patience, Vice President of Voluntary Benefits, shares insight into voluntary benefits and why they are integral in an employer's benefits offerings.

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