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Thursday, October 1, 2015

2:50 p.m. - 3:35 p.m.
Track: Growth & Innovation View Track

WHY ACCIDENT AND CRITICAL ILLNESS INSURANCE ARE SURPRISINGLY GOOD FOR BUSINESS

Stephen Rowley, VP, GEN RE - A BERKSHIRE HATHAWAY COMPANY

Many people underestimate the financial impact of an accident or critical illness, especially lost income, which averaged $26,900 and $50,600, according to a recent study. The case for offering voluntary accident and critical illness insurance alongside existing medical and disability to help employees cope with rising health care costs and lost income gaps is logical and widely accepted. New research reveals that, in addition to helping employees with their personal financial challenges, offering accident and critical illness insurance is a surprisingly effective way to help companies solve their own business challenges.

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