FINANCIAL MISTAKE: Will your group life insurance premiums increase every 5 years? If so, you might consider replacing it with an individual plan that you can keep when you retire.
Group vs. Individual Life Policies
Group Life Insurance Policies, usually acquired through employers, are often very cheap at younger ages. If the benefits are free, then great! If you are paying a premium, do you understand your options, or is there something better available?
Below are some common drawbacks of group insurance plans:
With an individual policy can allow you to continue coverage regardless of employment status. Depending on your health, rates may be more affordable as well.
Avoid premium increases and save money on coverage you can keep after employment!
Click Here for a No Obligation Life Insurance Quote or Policy Review
Or call us at 901-754-2040
*We are not stock brokers or financial advisors and do not give investment advice.
See our Professional Disclaimer
Future Benefits Insurance & Retirement Planning was created on the principles of helping people like you receive guidance you can trust and products that can lead you to your financial goals.
At Future Benefits Insurance & Retirement Planning we believe that relationships can only thrive when values match.
Sometimes financial strategies that you've used in the past may not be the best strategies going forward. At Future Benefits Insurance and Retirement Planning we do what's right, not what's popular!
© Future Benefits Insurance & Retirement Planning, All Rights Reserved.