Life Insurance Coverage Trends
Understanding the Gig Economy’s Impact
The gig economy is reshaping the workforce, and life insurance must adapt to this new reality. Freelancers often lack traditional employment benefits, making individual life insurance crucial.
Insurers are developing tailored products for gig workers, providing flexibility and coverage that adjust to unpredictable incomes. But are these offerings meeting the needs of those living paycheck to paycheck?
There’s a growing acknowledgment of gig workers’ unique needs, leading to innovative solutions that cater to unconventional employment. Yet, gaps remain, triggering discussions on how best to address these challenges.
The evolving workforce is set for a clash between traditional models and modern demands. What happens next in this dynamic could redefine employment benefits globally.