Workers are spending more than they earn, and savings rates have dropped to levels near or below zero. This degree of financial vulnerability means the workforce is unprepared for unexpected expenses that come with injury, illness or the need for long term care.
Unum's short term and long term disability coverage
replaces a portion of income when an employee is unable to work, whether the absence is prompted by routine maternity leave or serious illness. Our long term care insurance
helps cover the costs of long term care, and gives choices in where it takes place. And our life insurance products
help support families financially after the loss of a loved one.
An aging workforce, increasing ethnic diversity and changing family demographics mean the one-size-fits-all benefit plan is a thing of the past.
Unum responds with benefits that provide choice in funding, flexible coverage options and simplified administration
. And extensive employee benefits education
helps workers understand what coverage they need, the choices they have and the value of their benefits.
Health care expenses have skyrocketed in recent years, leading employers to share more of the costs of coverage with their employees.
Unum offers supplemental health and critical illness benefits
to help employees cover financial gaps in their medical plans when the unexpected hits. And Unum's expertise in benefit plan design can help employers balance cost and risk to offer a broad range of choices cost-effectively.