To put it simply, life insurance protects those who depend on your paycheck. If you die prematurely, life insurance provides your dependents with ongoing income to replace what was lost by the insured.
Life insurance has many different options, Term, Whole Life, Universal life to name a few. Term insurance is the most commonly provided form of coverage and is typically an employer paid option. A good Term policy, in conjunction with an accidental death or dismemberment rider can go a long way in helping a grieving family who has suffered a loss manage their finances for the time following the passing of a loved one.
It’s a fact, most families look to the employer at the time of loss to help pay for final expenses, paying off debt. A life insurance policy is a fairly inexpensive way to provide for this with out having to pay a large lump sum of money out of the company’s pockets.
If your company is looking for solutions to containing your employee benefits cost, please call our office at 334-396-3960 or email@example.com