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The Life Insurance Blog

Helping millions of Americans become educated
in making decisions about their life insurance needs


Why Depending on Employer Provided Life Insurance Might Put Your Family at Risk

Mar 12, 2013 3:40:00 PM

This is not the first time we’ve addressed the risks associated with depending on employer provided life insurance coverage. Due to recent current events we felt that it was pertinent to once again shed light on the topic. As we discussed in “Obama Care & Life Insurance: Will You Lose Your Coverage,” recent and up-and-coming changes to our healthcare system are not only impacting employee health insurance, they’re forcing many organizations to drop benefits all together. Life Insurance Quotes Online IntelliQuote

If you’re one of the millions of Americans who currently depends upon employer provided life insurance, now is the time to explore your options. Even if your employer plans to continue to offer both health and life insurance, we urge you to consider the following:

The Risks Associated with Employer Provided Life Insurance

The Cost of Coverage

Like any group insurance policy, the premiums associated with an employer provided life insurance policy are determined based upon the risk class of each and every employee. The younger, healthier population faces the same premiums as the older, less healthy population. What does this mean? If you fall into a lower risk class, you can likely secure more life insurance protection, at a lower cost. This is why we encourage you to compare life insurance quotes online.

Less Than Adequate Coverage

One of the most important steps you can take in protecting your family is analyzing their life insurance needs. All too often employer provided life insurance provides a minimum amount of coverage. Imagine the emotional and financial stress your family would be under if you were to pass away or become disabled. If you fear that your current life insurance protection would not adequately provide, we urge you to calculate your family’s needs today. Not sure where to start? Check out this step-by-step guide:

How Much Life Insurance do You Need? Determining Your Financial Worth

Career Changes

Finally, we urge you to consider the implications of switching employers later in life. Ask yourself what would happen if your potential new employer doesn’t provide life insurance? The last thing you want to do is find yourself in a position in which you must choose between career advancement and life insurance protection for your family. Secure life insurance today; premiums only go up with age!

Get Your Life Insurance Quotes Online Today!

At IntelliQuote we work with the nation’s leading life insurance carriers, ensuring that you’re getting the very best coverage available, at the most competitive rates on the market. Request your life insurance quotes online today and learn just how affordable coverage can be!

Want to learn more about comparing life insurance quotes online? We encourage you to follow our blog; here we will be addressing trending topics and providing guidance to improve your family’s financial fortitude.

While you’re here we encourage you to read these related posts:

Life Insurance: Understanding Key Man Policies

Life Insurance Coverage: Why Your Group Policy May Cost You

Do you currently depend solely on employer provided life insurance protection?