subject: Group Life Insurance: How do you Rate your Coverage? [print this page] If you have group life insurance, how would you rate your coverage with out of 10? What if you do not have it at all? Group life insurance can be a great way to get the coverage you need for yourself and your employees, and save a lot of money along with way by benefiting from group rates.
What is Group Life Insurance?
Obtaining a group life insurance policy is slightly different than getting a policy for an individual. A group policy, usually issued to a group of employees, puts multiple people under a single master policy. This is often used by employers or association members. Offering group life insurance and other group health benefits can an effective perk for attracting and retaining employees.
Finding a Group Life Insurance Broker
When you need to find a broker for group life insurance, there are a few ways to find an efficient and friendly broker who will find the most cost effective solution for your needs.
Recommendations: Ask around and see if your friends or family members have spoken with a group life insurance broker recently
Proximity: If you pass by a brokerage near your home, or workplace, they may offer group life insurance policies. Walking in and asking questions are great first steps with deciding.
Online reviews: Just like restaurants, products, and movies, you will probably be able to find a review of a broker nearest you
Getting an Inexpensive Group Life Insurance Policy
When discussing policies with your group life insurance broker, it is best to prepare a short list of questions before meeting. Finding a knowledgeable broker with experience dealing with the type of insurance you need can help you in the long run, so remember to take your time when finding the most appropriate broker for your needs.
Group Life Insurance: How do you Rate your Coverage?
By: Wesley
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