Image courtesy of Stuart Miles from freedigitalphotos.net
If you have elected to get your life insurance coverage through your employer, please take a closer look. Generally the benefits offered by your employer are a good deal but life insurance may be a different story.
Carefully look at the amount of coverage to make sure it is adequate to cover your dependents in the event of your death. Chances are the coverage is much too low. Typically the standard coverage recommended is 10 times your gross annual income. If you don’t have enough you should seek additional insurance.
Another point to watch of course, is the cost of that coverage. In many cases the insurance from your employer is much more expensive per thousand than traditional term insurance. So be sure to price it out and make sure you’re getting the best DEAL!
Do you have adequate life insurance coverage? Click like!
