Midsize U.S. employers may be doing a better job of protecting workers, and workers' families, against the risk of death.
About 59% of all U.S. civilian workers reported getting life insurance benefits at work in March, according to the Bureau of Labor Statistics (BLS).
The percentage of civilian workers with life benefits was up from 58% in 2017, and up from 57% in 2016.
(Related: 4 Useful New Benefits Facts From the DOL)
The coverage rate for civilian workers at employers with 50 to 99 workers improved the most.
About 57% of the workers at those midsize employers were getting life benefits at work in March. The percentage of workers who had life benefits was up from 55% a year earlier, and up from 52% two years earlier,
A full version of the new BLS survey results is available here. We compared those results with results from one year earlier and from two years earlier.
The life insurance market penetration figures are interesting because Congress and state legislatures have not been doing anything in recent years to impose new life insurance benefits mandates. Any increases in worker access to life insurance benefits reflect factors such as the overall strength of the job market, shifts in the kinds of jobs workers have, and the strength of life insurers' life insurance benefits sales efforts.
Policy changes have had a big effect on health insurance benefits and leave benefits.
Health Benefits