Employees unaware that life cover is part of their benefits package
Wed, 04 Nov 2009
Many employers are failing to make workers aware that they have life cover as part of their benefits package, according to an employee benefit specialist.

Aon Consulting found that while nine out of ten businesses offer life assurance as part of their benefits package, more than half of workers (54 per cent) were unaware of this.

Aon said the gap between employee awareness and actuality shows businesses have failed to communicate the real value of benefits packages. As a result, some employees are potentially duplicating cover by purchasing life insurance that is already provided by their employer, whilst others have insufficient cover.

Paul White, head of risk benefits at Aon Consulting, said: "There is a genuine opportunity for businesses to stress they give their workforce much more than what is in their pay packet. Life assurance is an essential benefit. Whilst employer-provided cover may not be at the right level to meet all employees' needs, it does offer some level of protection."
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