Tags: Life Insurance

Educate Your Employees on the Importance of Life Insurance

educate your employees on the importance of life insurance

Although life insurance is one of the most common employer-provided benefits, many employees do not appreciate its value. Life insurance can be an invaluable benefit should tragedy strike one of your employees. As an employer, you are well-positioned to educate employees on the importance of this coverage. What’s in it for you? Educating employees about life insurance can yield higher enrollment, greater appreciation for your benefits package and increased loyalty to the company. Many employees are not financially savvy, but are interested in learning. Financial education from their employer can... Read More

Boost Employee Benefits with Group Life Insurance

Boost Employee Benefits with Group Life Insurance

Employee benefits are one of the best ways to attract and retain qualified employees. Most employers these days offer at least basic health and dental insurance. There are many additional employee benefit options available to employers, and one of the most requested and most beneficial is group life insurance. This article covers many of the basics of offering group life insurance and some of the employer options for providing it. Types of Life Insurance Life insurance is divided into two categories: term and permanent. Term life insurance has a specified... Read More

Do You Know the Right Life Insurance for You?

Do You Know the Right Life Insurance for You?

If something were to happen to you today, is your family protected? Will your spouse be able to continue paying the mortgage and the car payment? Will your children’s needs be provided for? If you have the right life insurance policy, the answer to these questions will be yes, and you and your family can rest easy, knowing they won’t be left with a double tragedy. Do you know the right life insurance for you? Life insurance is not a one-size-fits-all policy. It is available in a number of different... Read More

How Are Life Insurance Premiums Calculated?

life insurance premiums

Have you ever wondered how your insurance company arrived at your premium payment amount? Does it seem like some mysterious formula that seems Greek to you? Is there anything you can do to reduce your premiums or are you just stuck with the amount they give you? Life Insurance premiums are calculated after looking at an individual’s health risk factors, such as tobacco use, cholesterol level, obesity, diabetes and family history. When applying for life insurance, the insurance company will determine your status based on your age, gender and overall... Read More

A Handy Guide to the Most Confusing Life Insurance Terms

confusing life insurance terms

When it comes to choosing a life insurance policy, you have several choices. And like many industries, the world of insurance uses its own unique terminology to describe its products. For the rest of the world—and even for some insurance pros—these terms can be confusing. So, no matter which type of life insurance might be right for you, this handy glossary will help you understand some of the basics of life insurance. And if this doesn’t help you understand everything you need to about life insurance (and don’t feel bad—it... Read More

Why You Need to Buy Life Insurance Now

life insurance is like a parachute. If you don't have it the first time you it, there's no second chance.

So you’ve put off buying life Insurance and you have all these good reasons: You’re healthy so it’s a waste of money. You can always get it later. Your spouse has an income so life insurance isn’t necessary. You have enough savings and assets. It’s too complicated.   Really? Let’s Take Another Look If you buy life insurance now while you’re young and healthy, you will pay less for it than you will at any future time. If you wait until you are sick to buy life insurance, you’ll pay a very... Read More

4 Reasons You Need Key-Person Insurance Now

4 Reasons You Need Key-Person Insurance Now

Key-Person Insurance is life and/or disability insurance on the critical employees in your company. This could be business partners, executive officers or other key employees upon whom the success of the business depends. If your business isn’t protected, an unexpected injury, illness or death could torpedo the success you’ve worked so hard to achieve. Key-person insurance can protect that success and help keep your doors open. Here are four ways key-person insurance can benefit your company and why you need it today.   Maintain Revenue During a Transition If you... Read More

What is Key-Person Insurance and Why Do I Need it?

Protect key employees with key person insurance

Is there someone at your company—maybe even you—who is essential to the success of your company? Have you ever thought about what would happen to your company if something happens to that key person? Most businesses have at least one key employee who is essential to the company’s success. This person may be a partner, owner, majority stockholder or another individual who is crucial to the business. If this person unexpectedly leaves the company—due to a death or disability—it could make it hard for the company to survive and prosper.... Read More

Seven Easy Ways to Save Money on Life Insurance Policy

Seven Easy Ways to Save Money on Life Insurance Policy

Do you know you need life insurance but put off getting it because you think it’s too expensive? Would knowing there are things you can do to save money on life insurance help get you going? There are some very simple things you can do that will save you money on your life insurance premiums. Here are seven easy ways to save.   Buy Life Insurance Early Buying life insurance while you are young and relatively healthy will cost you much less in premiums than if you wait until you get... Read More

Life Insurance–What You Need to Know

young families need life insurance

Have you thought about life insurance lately? Life insurance? Isn’t that for people who are old and going to die? I don’t need life insurance; I am young and healthy. Life insurance is expensive. Those are the typical responses to the life insurance question. But really, it’s not the right answer. Life insurance isn’t for people who are going to die; it’s for the people you leave behind. Life insurance is not a fun thing to think about—most of us don’t like to be confronted with the reminder that someday we’ll... Read More