We do not like to think about what will happen after we die, but it is an important consideration for you to make. You probably have loved ones that you want to remain financially secure in case of your passing away; with a good life insurance policy you will certainly protect them.
There are many ways to purchase a life insurance policy, and many types of policies to choose from. Whether you need insurance for yourself or your employees, we can connect you to the companies that are offering exactly what you want.
Life Insurance for Individuals
There are many factors determining what type of life insurance policy is best for you. For instance, your current income and the amount your loved ones will need in the future will affect the optimum coverage you will need. You and your agent will look together at these and other factors.
There is a wide variety of options available, including whole life, term life, universal, and gift insurance. You can include a life insurance policy with your health insurance and other policies as a package, or you can purchase life insurance separately. We will help you figure out what route is best for you to take, and then we help you access that type of policy for the lowest price possible.
Life Insurance for Groups
As a business owner, you may want to provide your employees with life insurance. This type of life insurance is called group insurance. It pays out at a lower rate than individual life insurance. Coverage amounts vary, but they are typically in the range of $25,000 to $50,000, or they sometimes cover the amount of the employee’s annual salary. Your employees may still wish to purchase individual life insurance for additional coverage, but offering a group option provides them with the basic coverage they will need in the event of an untimely death.
It is easy to get overwhelmed when researching life insurance, especially when it involves the workplace. If you are confused about where to begin, the team at Fidelity Insurance Partners is here to help.
Along with life insurance, we also have options for disability insurance for groups. If one of your employees is unable to work due to an injury or illness, disability insurance can provide financial security during the recovery process. We can help you find disability insurance at a competitive rate. Offering such benefits will show your team that you truly care. Employees will remain more loyal, and your business will earn a reputation as an excellent place to build a career.
For more information about group and individual life insurance, please contact us today. We can provide a detailed breakdown of your options and the costs each one involves. This should help you determine how much of your budget you need to set aside for life insurance costs.