Employer-provided life insurance is a great perk, but it’s often insufficient to meet all of your needs. The team at Safechoice Insurance Agency is here to help you review all of your life insurance needs and determine if a supplemental policy makes sense for you and your family. If you are in the greater Rochester, MN area, we are here to answer all of your life insurance questions and address any concerns that you may have!
It Makes Sense to Have Your Own Life Insurance Policy
A company-provided life insurance policy is usually tied to your salary. These policies are typically term policies that payout upon your death. In most cases, you will not realize any cash benefit from the policy. This type of coverage is beneficial because it can cover your final expenses, but it may not be sufficient to take care of all of your family’s financial needs.
If you leave your employer for another job, you can usually take your policy with you. You will have a lot less input on the type of policy and the level of coverage when your employer chooses a policy for you. Don’t be stuck with a policy that doesn’t truly meet your needs. Take a look today at complementary policies that can help fill any insurance gaps that there are with your work-provided policy. Life insurance is a great perk, but you may require additional coverage from your own policy.
Want to find out more about the many benefits of life insurance? The team of professional agents at Safechoice Insurance Agency is here to help you determine what mix of life insurance is right for your needs. If you are in the greater Rochester, MN area, call or stop by today!