Filed Under:Health Insurance, Disability

U.S. workers short on cash

Even many full-time U.S. workers are short on emergency reserves.

Analysts at Cigna Corp. (NYSE:CI) have reported that finding in a summary of results from a recent online survey of 1,501 U.S. workers ages 25 to 65. All participants were working full-time and have group benefits.

About 59 percent of the participants said they have only enough cash and other resources to get by for three months without a paycheck.

About 29 percent said they would have trouble getting by for more than one month without a paycheck, and 58 percent said they would have financial problems if an illness or injury kept them from working for a month.

Cigna commissioned the survey to promote its voluntary benefits products and benefits education services.

Aflac Inc. (NYSE:AFL) looked at employee needs when it conducted another survey earlier this year, and it found that 45 percent of the workers who participated in its survey had less than $1,000 in savings they could use to handle expenses related to an illness or injury.

See also:

Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting


Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.