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Employees upping health, increasing life insurance policies amid COVID-19 outbreak
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The harrowing coronavirus pandemic is forcing an increasing number of employees to reevaluate their insurance coverage with nearly 30% either enrolling in or upping their life insurance plans for the first time.
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According to new research from employee benefits provider Unum, more than 1 in 3 workers (36%) are planning to enroll in different benefits this year due to the COVID-19 pandemic.
CORONAVIRUS JOB CRISIS CAUSES HISTORIC LOSS OF HEALTH INSURANCE
Meanwhile, 27% of workers plan to enroll for the first time or increase their coverage in life insurance, 14% for hospital insurance, and 12% for short- and long-term disability insurance.