Congratulations! A new job opportunity can be exciting. A new job can also mean changes to your life insurance, especially if you were relying on group life insurance through your old employer. This type of insurance won’t follow you to your workplace. Consider what this means for your financial future, especially if you have a family who relies on your income. You may also want to supplement group life insurance if your new employer provides it.
Why is life insurance important when you get a new job?
When you start a new job, you should take a good look at your benefits. Does your new company offer life insurance coverage, and is it enough to take care of your family? How much are you paying for that coverage? These are important questions to ask yourself if you want to protect your family’s financial future. Your company may offer employee life insurance that is cheap or free, but it may not be enough to keep your family in your 虚拟货币排行_虚拟货币交home. Your company may not offer any life insurance benefit options at all, or it may be too expensive to consider. And you’ll lose that coverage if your job situation changes again in the future. It’s best to look at supplementing any group life insurance with your own individual policy.
What type of life insurance should I get?
This is a great way to protect your family for a specific amount of time. This type of insurance pays a guaranteed benefit in the event of the insured’s death during a specified term. Typical term lengths could be 10, 20, or 30 years. It comes with an end date, but it is also the more affordable option and the easiest to understand. You might purchase term life insurance to help supplement your income until retirement, until your kids are grown, or to make sure the mortgage gets paid in full.
Learn about Term Life Insurance
This lasts you for the rest of your life, unlike term insurance. While it can be more expensive, it has several attractive advantages. This type of insurance comes with fixed premiums, meaning your monthly payment is locked in and will not increase as you age. Your policy will also build cash value over time that you can borrow against tax-free to help you fund your retirement, for instance, or your child’s college fund. Consumers appreciate the benefit of forced savings, as well. And as long as you’re paying the premium, you’re covered if you die tomorrow or you live to be a hundred and twenty.
Learn about Whole Life Insurance
I’m ready to start protecting my family’s financial future.
Find an Agent