2013 Corporate Responsibility
We believe in making a positive impact on the businesses we help protect, and the lives we touch.
At Unum, we provide a full array of financial protection benefits to provide individuals and their families with financial security to better cope with the loss of a loved one or the inability to work due to illness or injury.
A leading provider of financial protection benefits through the workplace, our portfolio includes disability, life, accident and critical illness benefits that help protect millions of people in the U.S. and the U.K.
We also provide education, enrollment services and valuable claim support to meet the needs of our employer clients and their employees. Our awardwinning absence management and vocational rehabilitation services also help ease workplace disruption by enabling employees to return to work as soon as they are able.
An important part of our commitment is to positively impact the lives we touch. At the heart of our business is creating the products and services that bridge the gap between public assistance programs and personal savings—a gap that far too often lacks an adequate financial safety net. More than 70 percent of private sector employees in the U.S. lack long-term disability coverage, and 60 percent of workers are financially unprepared to miss work due to illness or injury. Similarly, just one in 10 private sector employees in the U.K. has a back-up plan should injury or illness prevent them from working.
By providing more than $6 billion in benefits last year, we saved taxpayers billions of dollars that would otherwise be spent on public assistance programs, and kept hundreds of thousands of families from falling into poverty.
We’re also making a difference in the lives of our employees and in the communities where we do business by positively contributing to local economies. In 2013, our employee payroll was nearly $700 million, money that filters through our local communities in many ways. In addition, we paid nearly $400 million in income taxes and millions more in local and state taxes—resources used by governments to fund many important programs.