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360-Degree View of the Modern Workforce and the Group Whole Life Market
Hannah Harrison
/ Categories: Broker

360-Degree View of the Modern Workforce and the Group Whole Life Market

Many people make the mistake of thinking that because their employer offers term life insurance, that’s the only life insurance coverage they need. However, for most people, this isn’t true. By having a complete, 360-degree view of this modern, yet underserved workforce, you can recommend a cost-effective strategy to your clients and seize a growth opportunity for yourself.

What is a 360-degree view of the modern workforce?

360 degrees – it’s all about wants, needs, and concerns.

Understanding the Market:

  • 51% of U.S. adults lived in middle-income households.1 
  • Average worker’s salary: $49,764/year2
  • Workers struggling with savings & retirement goals
  • Desire for lower face amounts of life policies
  • Employers need to offer financial wellness products

Group Whole Life Key Benefits:

  • Easy with payroll deduction
  • Lower face amounts
  • Robust “Living Benefits”
  • Valuable with Waiver of Premium

BankersWorksite’s Group Whole Life plan is designed with a complete, 360-degree view of the mainstream worker in mind. Our plan empowers workers to prepare for the unexpected, save for the future and has living benefits for added value. This solution gives today’s modern workforce a well-rounded, financial wellness strategy, helping them during their working lives and beyond. 

1 https://pewrsr.ch/32716RF
2 https://bit.ly/2EqRxEg

Group Whole Life policy form B 21803, Accelerated Death Benefit Rider for Terminal Illness form B 21803 R1 ACL, Lump Sum Accelerated Death Benefit Rider for Chronic Illness form B 21803 R11 CIACL, Monthly Accelerated Death Benefit Rider for Chronic Illness form B 21803 R21 CIACL, Monthly Accelerated Death Benefit Rider for Chronic Illness with Restoration of Benefits form B 21803 R41 CIACL, Accelerated Death Benefit Rider for Catastrophic Disability form B 21803 R61 DIACL, Spouse Term Insurance Rider B 21803 R7 STR, Children’s Term Insurance Rider form B 21803 R8 CTR, Waiver of Premium for Disability Rider form B 21803 R9 WPD, and Accidental Death and Dismemberment Rider form B 21803 R10 ADD underwritten by Bankers Fidelity Life Insurance Company®. Limitations and Exclusions apply; actual policy provisions control. Application to determine eligibility required. Rates subject to change. Subject to availability; benefits may vary by state. This is a solicitation of insurance and an independent agent may call on you.

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