Employees' Biggest Financial Concerns
Top Financial Concerns
Unexpected Cost Concerns
A study by The Standard reveals that many Americans are concerned about retirement and the financial impact of lost wages, but they have no idea how going on disability leave — at any age — can significantly impact their ability to retire. They aren't prepared for the unexpected. And even though they know it's important, they aren't doing enough to prepare for retirement.
Employees top financial concerns reveal how closely linked health and wealth really are — even if they might not realize it. Money concerns impact health, and health issues impact finances. When you add in an unexpected health event, things get even more complicated.
To help employees keep their wellness eco-system on track, take a look at the insights below or download the full report.
Without enough retirement savings, employees could face big challenges when it comes to health care. They won't have the proper funds to address health concerns when they need it most.
Without the safety net of disability insurance, an unexpected health event can financially impact an employee for a lifetime. In addition to expenses associated with the event, there’s often also an inability to save for retirement.
No amount of preventative care can entirely prevent an unexpected medical event. And health insurance won’t completely cover the costs associated with that event. Add to that the possibility of missing work to recover, and income protection becomes even more essential. Your job is to get employees to understand how vital disability coverage is in protecting their financial future.
Your job, which isn’t an easy one, is to get them to understand that their personal wellness is a two-part eco-system made up of health and wealth. Then, make sure they are working to make both parts of that eco-system equally strong.
It will take education and one-on-one interactions with the right experts—not something you can do on your own. But by partnering with the right carrier, it’s a task you can make a whole lot easier.
Download our full report to learn more about the importance of income protection for a secure financial future and overall employee wellness.
The Standard is a marketing name for Standard Insurance Company (Portland, Oregon), licensed in all states except New York, and The Standard Life Insurance Company of New York (White Plains, New York), licensed only in New York. Products and availability vary by state and are solely the responsibility of the applicable insurance company.