Test Your Life Insurance Knowledge

How much do you know about life insurance? Take the following quiz to find out: 1. Life insurance is the most commonly offered employee benefit, after health insurance. True or false? True. According to the Bureau of Labor Statistics, 55 percent of all workers in private industry have access to life insurance benefits (2016 figures).…

What You Need to Know About Group Life Insurance

Employer-sponsored life insurance is the way most Americans receive coverage. There are important decisions to make when offering coverage to employees. More Americans now have life insurance coverage through their employer rather than with individual policies. According to the Life Insurance Marketing and Research Association (LIMRA), 108 million adults and children receive employment-based life insurance…

The Benefits of Offering Supplemental Life Insurance

Supplemental insurance allows employees to customize their coverage to meet their individual needs. Most employees now get their life insurance through a group plan provided by their employer. According to LIMRA, a research group funded by the life insurance industry, 108 million Americans have an employer-sponsored basic life insurance plan, while 102 million have a…

Voluntary Benefits Are More Popular than You Might Think

A recent survey by Benefits Pro shows that 83 percent of employees want a choice of voluntary benefits and they don’t expect employers to pay for them. Voluntary benefits are insurance products offered by employers to help employees with financial responsibilities, including some of the costs not covered by high-deductible health plans. Voluntary benefits can…

Why Life Insurance Is a Smart Investment

It’s considered the cornerstone of sound financial planning. Despite recent reports about sharp increases in some life insurance premiums, financial experts say life insurance is a vital part of a family’s financial stability and a smart investment. Experts cite several reasons why people should buy life insurance: Replaces income following a person’s death. For those…