Employer Life Insurance Memphis TN
Provident Retirement Advisors
Years of Experience: 15
IARFC, SCSA, SCRFA, NICEP
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Employer Life Insurance
Employer life insurance is a life insurance policy provided by your employer as part of the employee benefits package. Employer Life Insurance is one insurance policy you hope to never collect but good to have if ever a tragedy strikes. Your employer insurance may be medical life insurance which just means a medical examination is required for acceptance for the insurance policy.
Investigate your employer insurance and decide if you have the need for an additional insurance policy. Your Employer Life Insurance may not be adequate life insurance for all your needs but it is usually designed to at least cover funeral expenses and some loss of wages to help the family. As part of the employee benefits the life insurance is usually free insurance so why not sign up for the insurance policy.
Just remember it is an insurance policy that will end when your job is terminated for any reason. If the employer insurance is an insurance policy that you must pay any part of the premium, it may be in your best interest to review a life insurance policy from an outside agent. You could then purchase an insurance policy that would remain in effect even if you were not working with your current company.
When you employee benefits offers medical life insurance you will be requested to have a medical examination prior to receiving the life insurance. The results of the examination may require a rider on your life insurance policy that excepts out death due to certain medical causes.