With insurance premiums on the rise, most employers are attempting to shift and cut costs, often including employer-paid benefits. As a result, employees need supplemental replacement coverage to protect their personal assets.
Many employees have practically no opportunity to access personal financial services outside of the workplace. An employee’s contact with an insurance agent is typically limited to a property and casualty agent (i.e. auto insurance). Therefore, many employees are looking to their employers to provide Voluntary coverage.