Think of life insurance as an investment – here’s why
Investing in your company’s 401(k) plan is just one smart investment choice for employees. Here’s another option:
Life insurance – not exactly an investment, but a valuable financial protection.
Some people don’t take a serious look at life insurance, primarily because they think it’s too expensive. Here are two reasons why that can be a mistake:
1) Insurance providers base rates and terms of coverage based on 2003 actuarial data.
Since men and women are living longer than ever before in history, those numbers are driving down costs for people who start policies in their 30s, 40s and 50s.
In some cases, a 45-year-old with an expiring 10-year policy can re-up for another 10 years for a comparably good rate.
2) The insurance market is more competitive than ever. That means more vendors competing for more business, and offering great rates.
Bonus: Employes can consider multiple options for coverage – 10 years, 15 years, 20 years. And they can always adjust total coverage up or down depending on their financial picture.
- Share on
Free Training & Resources
Webinars
Provided by SkyStem
Further Reading
Holding managers and staffers accountable for the work they do is a day-in, day-out job. Leaders in any organization may be tempted to let ...
Could it be time for a review of your employee severance agreements? Right now Twitter’s experiencing major pitfalls from having them...
The more things change, the more they stay the same! The youngest generation of workers entering the workforce isn’t earning high mar...
What are the three hardest words for any leader to say? If you’re thinking, I don’t know, guess what? You nailed it. Mos...
401(k) investment plans remain one of the best ways for Americans who are living well into their 70s and 80s to afford retirement. After al...
Employee experience – including employee mental health – has become a higher priority for many organizations, according to rese...
