Paid leave for all takes all of us

Let’s build a public-private partnership to protect every American from economic loss.

Life insurers have the tools to partner with private employers, particularly small business owners, and lift the administrative burden for them while also delivering essential paid family and medical leave benefits to their employees.

It’s time to prioritize expanding access to this coverage for all workers.

America’s life insurance companies are eager to work with the public and private sector to power the modern workforce and deliver the benefits employees need.

Nearly 62 million Americans benefit from employer-based paid leave. But, that’s not enough.

Whether welcoming a new child, recovering from an injury, or managing illness, all Americans should be protected from economic loss when taking time off from work to care for themselves or a loved one.

By building on and expanding the existing employer-based system, insurers, employers, and government can reach more workers with coverage quickly and cost-effectively.

Americans support a common sense approach to cover more workers.

75% support a partnership between the government and private plans that provides paid leave for employees of small businesses and self-employed workers.

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How It Works

Private insurers have the tools and experience to cover more workers and families through employer-based plans. A public-private partnership can build on this expertise.

  • More than 47% of full-time civilian workers receive paid medical leave benefits through the private sector.
  • Life insurers and employers paid out $6.7 billion in paid leave benefits in 2022.

Real Stories

View stories that illustrate how life insurers are supporting America’s employers.

Life insurers partner with small businesses to lift administrative burdens for them and deliver essential benefits.

Behind every business, there is someone working tirelessly to support employees throughout their lifecycle, and each one has a unique story to share.

Maureen Sanphy

Maureen Sanphy believes paid leave benefits are an important benefit for workers and help them retain the workforce they want and need.

“Our paid medical leave benefit is really important to employees and also to us in retaining them. To offer short-term, long-term paid medical leave – people want that, people need that.”

Maureen’s partnership with the private sector provides expertise and lifts administrative burdens when managing benefits for 33 employees.

Read full story

Paid Family and Medical Leave, Life and Disability insurance from Principal® is issued by Principal Life Insurance Company, Des Moines, IA 50392.

Paid Family Medical Leave and group disability benefits provide limited coverage. Private PFML coverage is available in CT, MA, CO, and OR.

This Principal testimonial may not be representative of other clients’ experiences. It does not imply or guarantee benefits. The client has not been paid for their testimonial. This is a summary of the benefits disability insurance provides, but there are limitations and exclusions. ACLI is not an affiliate with any company of Principal®.

Image of Kate Pikul

Kate Pikul feels a sense of relief knowing their company has a partner when delivering the benefits employees rely on to take care of themselves or a loved one.

“Since I’m responsible for so many people here and so many pieces of the HR world with them, paid leave becomes very complicated. Being able to have a partner to come in and help guide you through that and take some of that weight off is definitely a definite bonus.”

Kate’s partnership with the private sector makes certain around 80 employees have access to valuable paid leave benefits.

Watch the video series

Paid Family and Medical Leave, Life and Disability insurance from Principal® is issued by Principal Life Insurance Company, Des Moines, IA 50392.

Paid Family Medical Leave and group disability benefits provide limited coverage. Private PFML coverage is available in CT, MA, CO, and OR.

This Principal testimonial may not be representative of other clients’ experiences. It does not imply or guarantee benefits. The client has not been paid for their testimonial. This is a summary of the benefits disability insurance provides, but there are limitations and exclusions. ACLI is not an affiliate with any company of Principal®.

News

Resources

Video: What Matters: Paid Leave for All Takes All of Us

Video: Susan K. Neely, President & CEO of ACLI, on Paid Family and Medical Leave

Video: ACLI Explains Disability Income Insurance.

Factsheet: Private Market at-a-Glance