2013 Corporate Responsibility
We see financial protection as a critical public policy concern, and we actively participate in the public discussion about the complex challenges associated with this issue. Through independent communications, larger industry coalitions and membership in trade associations, we engage with legislators and government officials to share our expertise along with our views on disability, life and voluntary benefits—and to encourage the preservation and strengthening of employee benefits and the networks that deliver them.
In 2013, our engagement with policymakers in the U.S. included continuing work with the Congressional Income Protection Benefits Caucus, a bipartisan group dedicated to raising awareness about the high risk of disability and the need for further education and discussion on income protection. Created in partnership with Sen. Kay Hagan, D-NC, and former Sen. Olympia Snowe, R-Maine, the caucus has expanded to include sponsors Hagan and Mark Kirk, R-Illinois, and representatives Stephen Fincher, R-Tenn., and Carolyn McCarthy, D-NY.
Unum executives also served as expert witnesses before the U.S. Congress and government agencies on issues associated with financial protection benefits, the cost of welfare programs and the opportunity for public and private sectors to work together on these issues.
In the U.K., our 2013 engagement with policymakers included regular meetings with key decision-makers in Parliament to discuss the opportunity for increased taxpayer savings as a result of private, employer-provided income protection options.