🔴Some Facts About Life Insurance Through Work:
🔆 The policy owner is your employer not you. The employer has the right to cancel the policy at any time.
🔆 Group life insurance will be cancelled when you leave your job or get laid off.
🔆 Healthier individuals pay the same premiums as those who are considered to be a higher risk.
🔆 The amount of your coverage is typically equal to one or two times your annual salary. That's a nice perk, but it's not enough if you want the death benefit to support your family for more than a year or two.
🔆 Most people are unlikely to stay with the same employer for their entire career. You might be able to convert your group policy to individual life insurance if you leave, but the cost could go up significantly.
🔆 You are eligible for coverage only if you are actively at work. If you are not actively at work due to illness, Injury, temporary lay-off or leave of absence, your coverage may continue until stopped by your employer, but not beyond a certain months from the start of the absence.
✅ @financial_knowledge
🔆 The policy owner is your employer not you. The employer has the right to cancel the policy at any time.
🔆 Group life insurance will be cancelled when you leave your job or get laid off.
🔆 Healthier individuals pay the same premiums as those who are considered to be a higher risk.
🔆 The amount of your coverage is typically equal to one or two times your annual salary. That's a nice perk, but it's not enough if you want the death benefit to support your family for more than a year or two.
🔆 Most people are unlikely to stay with the same employer for their entire career. You might be able to convert your group policy to individual life insurance if you leave, but the cost could go up significantly.
🔆 You are eligible for coverage only if you are actively at work. If you are not actively at work due to illness, Injury, temporary lay-off or leave of absence, your coverage may continue until stopped by your employer, but not beyond a certain months from the start of the absence.
✅ @financial_knowledge
پادکست یکشنبه 9 دسامبر به پرسش و پاسخ اختصاص خواهد داشت. لطفا سوالات خودتان را از طریق زیر ارسال نمایید.
780-604-5539
@daraeikhah
✅ @financial_knowledge
780-604-5539
@daraeikhah
✅ @financial_knowledge