|[September 02, 2014]
Americans want to safeguard their family's financial wellbeing
INDIANAPOLIS --(Business Wire)--
A lot has been written about the selfishness of Americans, but a new
survey indicates quite the opposite. According to a recent WellPoint
survey, Americans would make large and small sacrifices for their loved
ones. From handing over the last piece of dessert (88 percent) to forgo
watching their favorite TV show so their loved ones can enjoy their
favorite program (90 percent) to caring for them in illness (96 percent)
- Americans are a committed bunch when it comes to their loved ones.
In honor of Life Insurance Awareness Month, WellPoint conducted a survey
that found many Americans believe that commitment extends to
safeguarding their family's future wellbeing. This is no surprise; given
that financial concerns (39 percent) - more than physical (36 percent)
and mental (21 percent) concerns - cause them to worry most when they
think about the future security of their family. Furthermore, the
majority of Americans (83 percent) believe their family's financial
wellbeing is just as important as their emotional wellbeing.
So, what can Americans do to protect their family's financial future?
Life insurance, retirement plans and living wills are all on the list.
WellPoint's survey found that the majority of Americans consider
investing in a retirement plan (68 percent), selecting a life insurance
plan (57 percent) and creating a living will (64 percent) very important
components in safeguarding their family's future wellbeing.
"Alleviating the stress associated with financial worries is what our
Life insurance products are designed to do," said Mike Wozny, president
of WellPoint's Life and Disability business. "Our products and services
help families that are dealing with the loss of a loved one by providing
resources that address both their financial and emotional wellbeing."
Research shows that spending money on others, rather than ourselves,
boosts happiness and wellbeing - even if the amounts we spend are
relatively small.1 One way people can increase their family's
level of happiness and their sense of wellbeig is to make sure they are
protected financially and emotionally if and when unexpected events
happen. This can be achieved by making sure they have the appropriate
Life and Disability coverage.
"For consumers who are motivated to protect the future wellbeing of
their loved ones, we offer top-tier designed plans at competitive prices
with plenty of flexibility," said Wozny. "For example, our Resource
Advisor member assistance program, which is included with Life and
Disability plans, offers counseling, legal and financial consultations,
and beneficiary companion services to help family members close accounts
and finalize their loved one's estate."
The WellPoint survey also illustrates the importance that consumers
place on Life insurance, with two-thirds (67 percent) of survey
respondents indicating they have Life insurance. Of this group,
one-third (36 percent) indicated they fully pay for it. Yet, slightly
less than one-third (30 percent) reported not having any Life insurance
"It's clear that Americans value Life insurance, which is good news,"
said Wozny. "September is Life Insurance Awareness Month, a perfect time
for Americans to take the next step in safeguarding their loved one's
financial wellbeing by enrolling in Life insurance."
More information about WellPoint's Life Insurance benefits can be found
This report presents the findings of a telephone survey conducted among
1,005 adults 502 men and 503 women 18 years of age and older, living in
the continental United States. Interviewing for this ORC International
CARAVAN® Survey was completed on April 3-6, 2014. 605 interviews were
from the landline sample and 400 interviews from the cell phone sample.
The margin of error for the total sample is ±3.0 percent at the 95%
confidence level. This means that if we were to replicate the study, we
would expect to get the same results within 3.0 percentage points 95
times out of 100.
About WellPoint, Inc.
WellPoint is working to transform health care with trusted and caring
solutions. Our health plan companies deliver quality products and
services that give their members access to the care they need. With
nearly 69 million people served by its affiliated companies, including
more than 37 million enrolled in its family of health plans, WellPoint
is one of nation's leading health benefits companies. WellPoint
companies serve members as the Blue Cross licensee for California; and
as the Blue Cross and Blue Shield licensees for Colorado, Connecticut,
Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in
the Kansas City area), Nevada, New Hampshire, New York (as the Blue
Cross Blue Shield licensee in 10 New York City metropolitan and
surrounding counties and as the Blue Cross or Blue Cross Blue Shield
licensee in selected upstate counties only), Ohio, Virginia (excluding
the Northern Virginia suburbs of Washington, D.C.), and Wisconsin. In
most of these service areas, WellPoint does business as Anthem Blue
Cross, Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of
Georgia and Empire Blue Cross Blue Shield, or Empire Blue Cross (in the
New York service areas). It also serves customers in other states
through its Amerigroup, CareMore and UniCare subsidiaries. To find out
more about WellPoint, go to wellpoint.com.
1 Dunn, E.W,. Aknin, L.B., & Norton, M.I. (2008) Spending
money on others promotes happiness. Science, 319 (5870), 1678-1688
[ Back To Technology News's Homepage ]