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The pros and cons of term life insurance vs. permanent life insurance

Higginbotham

One of the first and most important responsibilities embraced by every breadwinner is life insurance. Should they lose your support, life insurance will immediately pay your beneficiary the cash value of the life insurance policy, with no taxes owed, providing a lifeline to resolve debts and pay living expenses.

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What is Basic Life Insurance? | BerniePortal

BerniePortal

As part of that enrollment process, employers often offer ancillary benefits like basic life insurance as well, but unlike health coverage , basic life coverage alone may not be enough to cover all of an employee’s needs—especially if they have a family. So, how does basic life insurance work?

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What is Voluntary Life Insurance? | BerniePortal

BerniePortal

During the enrollment process , employers often offer ancillary benefits like voluntary life insurance to supplement basic life coverage. So, what is voluntary life insurance? But unlike healthcare and other fringe benefits , not all employees need to elect all ancillary benefits.

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Borrowing against life insurance: How it works

Higginbotham

You may be able to benefit from your life insurance policy while you’re still alive. If you own a permanent life insurance policy, it will accrue a cash value over time. This makes borrowing against life insurance possible. Term life insurance policies cover a predetermined period of time.

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What is supplemental life insurance and how can it improve your employee benefits package?

Higginbotham

What is supplemental life insurance? It’s a type of life insurance policy that’s often available through work and provides additional coverage. What is supplemental life insurance? Supplemental life insurance fills in coverage gaps and provides additional life insurance coverage.

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Five Misconceptions About Life Insurance

AssuredPartners

One of the topics that is often reviewed at this time is making sure family is protected at the time of the passing of a loved one with life insurance. While life insurance is extremely important, there are misconceptions associated with it that many need clarification on. Misconception 1: Life insurance is expensive.

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Life Insurance vs. AD&D

Fringe Benefit Analysts

When choosing your coverage options, you may be aware of life insurance and accidental death and dismemberment (AD&D). What Is Life Insurance? Life insurance gives a policy holder’s family members financial protection should he or she die of an accident, illness or natural causes. What Is AD&D?