More than half of Gen Y workers (ages 18-31) vastly overestimate the average cost of disability insurance purchased at work, and only one in three completely understand life insurance, according to new research by The Hartford.
Survey MethodologyThe Hartford Benefits For Tomorrow Study was developed by The Hartford and fielded via online survey by BuzzBack in March 2012. The nationally representative sample consisted of 1,000 full-time U.S. workers, aged 18-64. The margin of error is +/- 3.1 percent for the national sample. About Lindsey Pollak Pollak is a best-selling author, keynote speaker and recognized consultant on next generation career and workplace trends. She has more than a decade of experience advising both young professionals and organizations on the changing world of work and is the author of “ Getting from College to Career: Your Essential Guide to Succeeding in the Real World.” Pollak’s advice and opinions have appeared in such media outlets as The New York Times, The Wall Street Journal, Glamour, CNN, NPR, and NBC Nightly News with Brian Williams. She appears on several ”Best People to Follow on Twitter” lists, including Mashable’s list of career experts to follow on Twitter and Marie Claire‘s 100 Twitters Every Woman Should Follow. Forbes recently named her website as one of the “ Top 75 Websites for Your Career.” About The Hartford The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. The Hartford is consistently recognized for its superior service, its sustainability efforts and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford. The Hartford ® is The Hartford Financial Services Group, Inc. and its subsidiaries, including issuing companies Hartford Life Insurance Company and Hartford Life and Accident Insurance Company. Policies sold in New York are underwritten by Hartford Life Insurance Company. The headquarters of both companies is Simsbury, Conn. HIG-M
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2011 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50426950&lang=en