Employers often offer life insurance as a benefit. So naturally, a question often asked is should I get life insurance through work?
The idea behind work insurance is to pool risks among a group, such a company’s employees, in order to offer coverage at lower premium costs. While group rate life insurance includes a number of benefits, it comes with some restrictions. To assist you in determining whether life insurance through work is a good fit for your needs, let’s examine the pros and cons.
The bottom line is life insurance that work offers is a great benefit. However, it will likely not be enough coverage to suit your family’s financial needs. Supplementing work policies with policies that you own and control is recommended. Our agents can help you understand the benefits work is offering as well as find options for life insurance policies that you can own. Click below to get a quote today.