August 9, 2009
Group Life Insurance Quote
For the most part when you receive a life insurance quote, it will be created especially for you. Unlike health insurance quotes, which are provided for every employee in a company, a life insurance quote is usually an individual event.
However there are times when you may receive a life insurance quote as part of a group, especially that provided by your employer. Many of the larger companies are offering this these days. You may either receive a life insurance quote automatically or your employer may extend additional coverage to employees.
Another instance of receiving a group life insurance quote is when it's extended to all the members in a union or some kind of trade association. You may be offered a life insurance quote because you're a member of a college alumni association.
There are several advantages to getting a life insurance quote in this fashion, not the least of which is the you may be able to get a better rate. When you get a life insurance quote as a member of an organization, you may find that you receive a better death benefit because the employer or the group is subsidizing part of the cost of the insurance.
Receiving a life insurance quote this way may also alleviate you of taking any qualifying health examinations. And yet another advantage is that many times the cost of these policies, derived from a group life insurance quote is automatically deducted from your paycheck. For many of us, this means that we don't have to worry about forgetting a payment or missing one because lack of money.
Keep inmind though when getting a group life insurance quote, that most of the time these policies are for term life only. If you're looking for a whole life policy, that is one that comes with an accompanying savings account, you aren't likely to find it here.
Recommended Reading:
- Dental Group Insurance Plan - A dental group insurance plan is the preferred dental plan for most. This type of dental plan includes a large...
- Life Insurance Quote For The Empty Nester - It used to be common wisdom that after your children left home, you really didn't need to worry about a...
- Dental Group Plan - The dental group plan is becoming more and more popular as the years pass. Group plans offer people the most...
- A Permanent Life Insurance Quote - Believe it or not, obtaining a life insurance quote isn't as easy as it may appear. But then again, you...
- Promote Group Insurance In Organizations - Advantages of risk cover of companies and its employees In today's fast paced insurance market, many companies promote group insurance...
Find it useful? You may link to "Group Life Insurance Quote" article below:
http://www.bestinsurancewatch.com/group-life-insurance-quote/trackback/
Leave a Comment or Ask a Question