Recently we met with a young couple, both with corporate-based jobs and they didn’t understand why they needed additional life insurance, because they had life insurance through their corporate benefits.
There is nothing wrong with taking advantage of your benefits package. The life insurance that is offered in most corporate packages is provided at no cost for the initial offering, which is typically a multiple of your salary, 1-2 times annual. This insurance is a great starting point for your initial insurance program, but is not sufficient. In most cases, this insurance is not portable and does not provide any long term planning solutions.
Private life insurance is an important supplement to the corporate benefits offering. We offer this as a supplement in this case, because free is good to keep! When we review life insurance, we set up long term products that are medically underwritten and it is not only term life insurance. We can look at a savings program that is set up on a Universal or Whole Life Insurance contract.
There are many options available to you and the goal is to protect yourself and your family. Being fully insured is a building block towards a strong financial future and with a review of your corporate benefits, we can design a plan that fits your needs and your lifestyle.
All content provided in this blog is for informational purposes only. Topics discussed on this blog relate to insurance products and issues in a general application, and are not an offer of insurance, a guarantee of coverage, or applicable to specific and individual circumstances. Contact LG Insurance Agency for questions and information specific to your insurance needs.
