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MetLife has released a white paper, Accident and Critical Illness Insurance Are Surprisingly Good for Business!, that examines the financial risks associated with accidents and critical illnesses and how employers can effectively leverage voluntary insurance solutions to not only provide added financial protection to employees, but to address their own business challenges.

The white paper is based on two studies: the MetLife Accident and Critical Illness Impact Study and the MetLife Accident and Critical Illness IQ Study, both conducted in late 2013. The Impact Study revealed the significant financial impacts accidents and critical illnesses can have on families. The study found that out-of-pocket costs associated with an unexpected health issue can be as high as $4,112 for an accident and $14,444 for a critical illness. Moreover, lost income from accidents and critical illnesses can be as much as $26,900 and $50,600 respectively, putting a significant burden on a household.

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