Group life insurance is one of the simplest and most accessible financial benefits available. However, one of the trade-offs of low cost group life insurance is that it is not permanent. If an employee leaves for a new job or is laid off, coverage will end. This may lead to gaps in an individuals overall life insurance coverage. Fortunately, group life providers typically include provisions in their policies that allow exiting employees to convert to a permanent, individual policy or to temporarily continue their group term coverage.
Posted on: Thu, 08 May 2014 13:51:22 +0000
Trending Topics
Recently Viewed Topics
© 2015