“I have life insurance through my employer.”

When discussing or proposing life insurance options to people we often get this reply.

While I could easily touch on a number of reasons why you shouldn’t rely on employer provided life insurance, in this post we will only focus on one. A big one.

Approximately 95% of employer provided, group life policies have an active employee requirement written within. Meaning, once you no longer meet the definition of “active” – coverage often is voided without notice.

True story / example: A acquaintance of mine works with a lady. Her husband was diagnosed with cancer. He had to leave work to fight his cancer and not too long after unfortunately passed away. The life insurance the family thought he had, denied the life insurance benefit because he was no longer an “active” employee at the time of his passing.

Employer provided life insurance is a nice benefit….but buy your own as well.

Contact Beck Insurance Agency today to explore your own life insurance options. It’s not as expensive as you think.  Click or call 419-446-2777.