Augusta
VIP Contributor
Employers do have employment package or incentives for workers. And one of such incentive Is the
Employer-provided life insurance
Employer-provided life insurance can be described as a group term life insurance offered by employers to employees as part of the workplace benefits package for all workers
This insurance incentive for a worker only effective time period is while a worker remains employed by the workplace. The amount of the insurance coverage for each worker is determined using a multiple of the worker's s annual salary. Betterstill it could be determined by the employee's position at the company. With the Employer-provided life insurance employers pay Almost all the premiums.
The truth us that Employer-provided life insurance can be a life saver for employees especially if the worker has no other life insurance in place but this insurance is only for just the worker and not the family members. So the worker needs to know or consider whether the coverage offered is good enough to meet the financial needs of the family
So at this point it will be up to the worker to make the decision on whether to buy an additional individual life insurance policy outside of your employer or just depend solely on the employer-provided plan. but buyying an individual policy in addition to your company life insurance can be a smart thing to do.
Employer-provided life insurance
Employer-provided life insurance can be described as a group term life insurance offered by employers to employees as part of the workplace benefits package for all workers
This insurance incentive for a worker only effective time period is while a worker remains employed by the workplace. The amount of the insurance coverage for each worker is determined using a multiple of the worker's s annual salary. Betterstill it could be determined by the employee's position at the company. With the Employer-provided life insurance employers pay Almost all the premiums.
The truth us that Employer-provided life insurance can be a life saver for employees especially if the worker has no other life insurance in place but this insurance is only for just the worker and not the family members. So the worker needs to know or consider whether the coverage offered is good enough to meet the financial needs of the family
So at this point it will be up to the worker to make the decision on whether to buy an additional individual life insurance policy outside of your employer or just depend solely on the employer-provided plan. but buyying an individual policy in addition to your company life insurance can be a smart thing to do.
