Life insurance provides financial protection and security for your loved ones in the event of your death. The death benefit paid out by the insurance policy can help your family cover expenses such as funeral costs, outstanding debts, and daily living expenses. It can also provide a source of long-term income to help maintain the standard of living they are accustomed to. Additionally, some life insurance policies offer cash value that you can use while you are still alive, making it a versatile financial tool.
Insurance is a contract between two parties, in which one party agrees to indemnify the other for an...Read more →
Protect your financial future with long-term disability insurance. Learn why it's important, how it ...Read more →
Discover the benefits of group life insurance coverage for employees. Learn about death benefits, ad...Read more →
Group life insurance has many benefits. These benefits can include: -peace of mind - knowing that your loved ones are insured should something happen to them -tax savings - with group term life insurance, you can deduct the premiums from your taxes -potential cash value growth - if the policy is still in effect at the end of the term, the policy may have a cash value that can be collected -additional coverage - if you are covered under a group policy and a family member dies, the coverage may continue -reduced premiums - group life insurance premiums can be reduced when multiple people are insured under the policy -a dedicated team of insurance professionals - with a group policy, you are working with a team of insurance professionals who can help you understand your policy and make sure you are getting the most from it.
Group term life insurance is a type of life insurance that is offered in group formats. The major exclusions of group life insurance are as follows: -The policy cannot be taken out on a group basis -The policy cannot be combined with another life insurance policy -The policy cannot be combined with any other product or service -The policy cannot be sold to someone other than the policyholder or the policyholder's spouse -The policy cannot be renewed