Voluntary

Between taking on debt for dependents and the high demand for graduate degrees in today’s workforce, people of all ages are carrying student loan debt, making student debt repayment benefits more valuable than ever.

Cost misconceptions keep them from buying policies, which provides educational opportunities for plan sponsors, says Web Benefit Design’s Jessica Campbell.

Advisers can help employees make the connection on the value of these benefits for their whole household through targeted education campaigns.

Between taking on debt for dependents and the high demand for graduate degrees in today’s workforce, people of all ages are carrying student loan debt, making student debt repayment benefits more valuable than ever.

Cost misperceptions keep them from buying policies, which provides an opportunity for advisers, says Web Benefit Design’s Jessica Campbell.

Employee benefits are going digital and these new entrants are disrupting the market with products and services focused on wellness, employee engagement and more.

Insurers are getting more aggressive in promoting their voluntary products to brokers through better online tools, including improved agent portals.

Workers are nearly twice as likely to choose the financial protection products when they’re offered through their employer, finds a recent Cigna study.

Employers have barely begun to tap into all the features, functions and benefits strategies that these benefits platforms make possible.

There is ‘tons of opportunity' for advisers to educate workers on the financial security benefits of these products, says new Cigna study.