Millions of American workers receive life insurance as part of their employee benefits package. This type of life insurance is a form of group life insurance that costs very little to have. This form of life insurance is available to employees in San Antonio, TX, regardless of their current health status. Though there are benefits to receiving life insurance from your employer, the coverage may not be enough.
The experts at Integrity Advisors Agency LLC (Stephen Reese) can help answer questions about life insurance and share additional information to give you the benefits you need.
Benefits of Employer Life Insurance
As mentioned above, the most significant benefit of receiving life insurance through an employer is that you can obtain it regardless of current medical conditions. It is also very affordable, often costing only a few dollars per month. This form of life insurance is also very convenient, eliminating the need for a medical exam or seeking multiple quotes.
Downsides of Employer Life Insurance
In most cases, employer life insurance does not provide enough money when it is needed. In most cases, people need more than a few years of their annual salary in benefits to ensure their family’s financial future is secure. This reason alone shows that life insurance from an employer is often not enough.
Though you can get supplemental coverage from your employer, these policies can be more expensive than buying a life insurance policy on your own. Additionally, these policies still may not offer enough benefits when needed.
When signing up for employer life insurance in San Antonio, TX, keep in mind that you may need to seek a supplemental policy. Additionally, your employer can cancel the life insurance option at any time, leaving your family with no policy at all. Call us today at Integrity Advisors Agency LLC (Stephen Reese) to discuss different life insurance options, which offer you and your family the best benefits.