More than half (55%) of U.S. workers don’t protect their income with disability insurance. Seven out of 10 Baby Boomers also forgo this coverage, despite being more likely to need it. This generation makes up nearly half (47%) of all long term disability claims, according to internal claims data from Unum.
With student loan debt topping more than $1.6 trillion nationwide, Unum found a novel solution to help its employees pay some of those burdensome loans. Announced to employees in 2019, Unum’s Student Debt Relief Program allows the company’s 9,500 U.S. employees to transfer up to 40 hours of carry-over paid time off (PTO) into a payment against student debt.
Unum (NYSE: UNM) is named a best place to work for disability inclusion after earning a perfect score on the 2020 Disability Equality Index® (DEI).
Unum will use a new Social Justice Fund to create stronger, more equitable communities by supporting organizations working to end racism, discrimination and bias.
New research shows people have picked up new or increased activities that could potentially result in accidents since the coronavirus pandemic began unfolding in March.
Unum's new environmental, social and governance report highlights our commitment and that of our employees in the U.S., U.K., Ireland and Poland to making a difference in people’s lives.
According to data from Unum, long term disability claims for these conditions rose 40% over the last decade. The problem is even more pronounced in men, where these claims rose 62% since 2010.