Employee Life Insurance

 

A good amount of businesses offer life insurance to their employees but are these life insurance offerings enough for the average employee? Most of the time the employer offers one to three times your annual income for life insurance. This may seem like a lot of money but depending on your situation its most likely not enough. Everyone's situation is different but a general rule of thumb is to have seven to ten times your annual salary in life insurance. Of course, this depends on the amount of debt you have and the amount of dependents you have.

If you have life insurance through your job, its important to talk with your HR department to find out if there are any restrictions on the life insurance you have through your company. Is the life insurance portable? Are there any restrictions you should know about? Some companies have restrictions on disability, so its important to know what coverage and restrictions you may have. 

Life insurance is coverage best talked about with a licensed professional. At CJG Insurance Group we're happy to assist with any life insurance questions you may have at 609-904-9027. 

 

by Charles J. Greve at CJG Insurance Group

 

 

Want to shop around your insurance? Fill out the form below or give us a call at 609-904-9027 and one of our representatives will assist you with your insurance needs. 

 

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Charles Greve