Many people know how term life insurance works. But they often don’t know how permanent insurance works. To refresh, term life insurance provides protection for a specific period of time. This is known as the “term.” If you pass away during the term, your loved ones receive a set amount of money. This money is known as the “death benefit.”…
Picture this: You land an exciting new job with great benefits: vacation time, health insurance, 401(k)… even free lunch once a week! They offer group life insurance, too – two times your annual salary. That sounds like a lot, right? In many cases, it might not stretch as far as you think.
By this time, most everyone in the world has heard about COVID-19, a global outbreak that is commonly referred to as the coronavirus. Like most global events, this scenario creates a perfect opportunity for threat actors to abuse the situation.
Ensuring your life insurance policy includes this rider can mean avoiding difficult choices when life doesn’t go according to plan.
Whether you have a family (or not), or just aren’t sure where to start, a quick call with an ERIE agent can help you learn more about what life insurance policy is right for you.