Page 61 - 2020 Peel & Holland Benchmarking Survey Results
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WESTERN KENTUCKY EMPL OY EE BENEFIT S
BENCHMARKING SURVEY
VOLUNTARY BENEFITS | LIFE INSURANCE 2017
$30,000 2x Salary
Average flat dollar amount of Group Of the employers offering a multiple
Term Life insurance. Of the employers of salary, 60% offer two times an
who offer a flat dollar amount, 38% employee’s salary and 25% offer one
offer between $30,000 and $100,000. times salary value.
VOLUNTARY LIFE INSURANCE
88% National Statistics
Only 3 in 10 Americans have life insurance coverage through
work. Women are less likely to have life insurance than men.
of employers offer employees
the ability to purchase additional Facts About Life 2019 - LIMRA
Voluntary Life insurance through
payroll deduction.
Who is your Voluntary Life insurance carrier?
Aflac 10%
Allstate 2%
Anthem 5%
Cincinnati Life 10%
Colonial Life 7%
Illinois Mutual 2%
Liberty National 2%
Lincoln Financial 14%
MetLife 2%
Mutual of Omaha 7%
Nationwide 5%
OneAmerica 5%
Principal 5%
Prudential 2%
Reliance Standard 2%
The Hartford 2%
Transamerica 2%
Unum 10%
Voya Life 2%
0% 2% 4% 6% 8% 10% 12% 14% 16%
PEEL & HOLLAND | 2020 Western Kentucky Employee Benefits Benchmarking Survey Results 59
