“The Aflac Life Insurance and Legacy Planning Study surveyed 1,000 US adult employees. It found that 77% consider a last will and testament important, but only 57% have one. Some 71% said a power of attorney was important, yet only half had completed one. Two-thirds rated an advance healthcare directive as important, while 54% had one in place.
“Even among those who had documented their wishes, 38% did not believe their loved ones knew exactly where to find them.
(. . .)
“The study points to a clear workplace effect. Among respondents who had dealt with a loved one's death and the responsibilities that followed, 74% said the experience affected their productivity at work. Some 37% said they struggled to balance those responsibilities with work demands.”
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● ARTICLE LINK: https://www.insurancebusinessmag.com/us/news/benefits/estate-planning-gaps-are-becoming-an-employee-benefits-problem-592563.aspx
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