Your Workplace Benefits Road Map

YOUR WORKPLACE BENEFITS ROAD MAP INTRODUCTION Major life changes like getting married, having kids and buying a house, usually require a change in the benefits you need. START LEARNING So check out this information and then check in with your employer to see what you have access to at work to make sure you're making the best possible coverage decisions. 1 65% GET MARRIED DISABILITY According to the Council for Disability Awareness, 65% of working Americans say they could not cover normal living expenses, even for a year, if their employment income was lost; 38% could not pay their bills for more than three months. AUTO INSURANCE Make sure you and your spouse are covered in the event that your income is compromised. In 2012, the average auto liability claim was $3,073 and the average collision claim was $2,950. Be sure you and your new spouse are covered, and consider the added savings of combining policies for a multi-car discount. 5. 51% DISABILITY INSURANCE 51% of employees are concerned about family financial security in the event that they are unable to work due to a disabling illness or injury. LIFE 1u million households with children under 18 have no life insurance coverage. HAVE A CHILD Make sure you have the right amount of protection so your child's care and expenses are covered in the event that you're unable to provide that care yourself. Make sure your family is covered and consider adding your child as a partial beneficiary to your life insurance as well. • $33,064 $11m 9. LIFE INSURANCE BUY A NEW НОМЕ For the 2010-11 academic year, annual current prices for undergraduate tuition, room, and board were estimated to be $13,600 at public institutions and $36,300 at private not-for-profit institutions. HOME INSURANCE Consider a term life policy to cover specifiç financial responsibilities like college expenses or mortgage. COLLEGE AGED CHILD From 2007-2011, the average homeowner's claim for fire, lightning or debris removal was $33,064. Theft claims averaged $3,231 in that time, and claims from wind and hail averaged $7,177. 12 And since about one in 20 insured homes have a claim each year, be sure to protect your home and what's in it. НОМЕ INSURANCE The U.S. Department of Education reported that there were more than 20,000 13 reported burglaries on college campuses in 2011. AUTO INSURANCE Ask about whether your child's dorm room is covered under an extension of your home insurance or ask about available renters' insurance options. 14 According to the DMV, the traffic accident rates for 16-to 19-year-old drivers are higher than those for any other age group. So, be sure to talk with your child about safe driving. OVER 60 You may even be able to get a discount on your policy if your child qualifies. 18% DISABILITY Only 18% of boomers have disability insurance. Make sure you have the right protection. 17 LIFE INSURANCE Grandparents now have an average of 4.8 grandchildren. Consider adding your grandchildren as partial beneficiaries to your life insurance plan to help offset college expenses. Sponsored by MetLife START ENROLLING I CAN DO THIS. youtube.com/metlife (visual.ly ......** ...........*