Tuesday, January 31, 2006
Baby Boomers and Generation X Workers Agree When it Comes to Voluntary Benefits
While workplace differences abound between Baby Boom and Generation X employees, there are at least two similarities, according to Aon Consulting, a leading global human capital consulting firm.
Aon Consulting surveyed employers nationwide and found that Baby Boomers (ages 45-60) and Generation Xers (ages 25-40) both purchase disability coverage more than any other employer-offered voluntary benefit*. Specifically, 45 percent of those surveyed say Baby Boomers purchase disability coverage, while 37 percent say Generation X workers do the same. In addition, life insurance (individual whole life, universal life and variable life) ranks second for both groups (23 percent for Baby Boomers and 24 percent for Generation Xers). However, the similarities end there, as companies rank long-term care insurance as the third most popular voluntary benefit for Baby Boomers (11 percent), while individual home/auto/liability insurance is third among Generation X workers (14 percent).
Baby Boomers and Generation X Workers Agree When it Comes to Voluntary Benefits
Source: Insurance News Net
Aon Consulting surveyed employers nationwide and found that Baby Boomers (ages 45-60) and Generation Xers (ages 25-40) both purchase disability coverage more than any other employer-offered voluntary benefit*. Specifically, 45 percent of those surveyed say Baby Boomers purchase disability coverage, while 37 percent say Generation X workers do the same. In addition, life insurance (individual whole life, universal life and variable life) ranks second for both groups (23 percent for Baby Boomers and 24 percent for Generation Xers). However, the similarities end there, as companies rank long-term care insurance as the third most popular voluntary benefit for Baby Boomers (11 percent), while individual home/auto/liability insurance is third among Generation X workers (14 percent).
Baby Boomers and Generation X Workers Agree When it Comes to Voluntary Benefits
Source: Insurance News Net
Permalink posted by armandn @ 12:46 PM 
 |
 |  |
  |
