Home Facebook Subscribe
  • Home
  • Get A Quote
    • Annuities
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Liquor Liability Quote Form
    • Earthquake
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
      • Life Rate Quote (Grange)
    • Renters
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Flood
    • HomeownersImage of right arrow
      • Request Declaration and Coverages for Existing Homeowners Insurance Coverage
      • Request Evidence of Insurance
    • Life
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
    • Renters
    • Watercraft & BoatImage of right arrow
      • Request ID Card for Watercraft Policy
      • Remove Watercraft from Existing Policy
      • Change Primary Operator on Existing Watercraft Policy
  • Claims
    • Automobile
    • Business & Commercial
    • Flood
    • Homeowners
    • Motorcycle
    • Renters
    • Watercraft & Boat
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Important Links
    • Insurance Glossary
  • About Us
    • About Martin & Martin Agency Inc
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Term Life Whole Life Variable Life
 
Home > Blog > Is Your Employer Life Insurance Enough?
TUESDAY, JANUARY 12, 2021

Is Your Employer Life Insurance Enough?

If 2020 has taught us anything it is that life happens, and while we cannot control it, we can plan for it.  Being in the insurance industry for 37 years now, I have seen too many times what happens when the right answers are not asked, and it can be devastating.  Often this happens when some assume that life insurance that is offered by their employer is sufficient - but let me tell you why it may not be.   

Employee life insurance, while an appealing benefit to your job, does come with risks.  What if the contract or rate with your employer is renegotiated or eliminated? The coverage likely ends if your position ends and you may be unable to, or it may be too expensive to convert the policy. Also, if you are older, your rate to purchase insurance on your own may be markedly different. Typically, the amount of these policies are one to two times the amount of your yearly salary. Would that even be enough for your family to pay off a mortgage and set up the kids for college?  These policies are usually group rates and you are not given much control over the amount of coverage or the type of coverage you can purchase.

Setting up your own life insurance now can be beneficial to you in the long run.  You can lock in premiums while you are young and healthy, and choose payout amounts that fit the changing needs of your family.  Asking the right questions and choosing the options that work for you gives you the peace of mind that no matter what life delivers you, you can feel confident that your family is protected.  We know how important it is to choose life insurance and we know all the questions to ask.  With Martin & Martin it is not just filling out a form during an enrollment window, it is ensuring that your coverage will be there when it matters most!

family, finance, life insurance
Posted 10:53 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013

  • auto insurance(3)
  • home insurance(3)
  • cars(2)
  • life insurance(2)
  • insurance(2)
  • new year(2)
  • fire(2)
  • family(2)
  • car accident(1)
  • home damage(1)
  • anniversary ring(1)
  • love(1)
  • flood insurance(1)
  • engagement ring(1)
  • home owner(1)
  • wedding ring(1)
  • jewelry insurance(1)
  • water damage(1)
  • fall(1)
  • military(1)
  • flood damage(1)
  • rain(1)
  • school(1)
  • roof(1)
  • veteran(1)
  • winter(1)
  • education(1)
  • life insurance awareness month(1)
  • summer(1)
  • basement(1)
  • toledo(1)
  • flood(1)
  • camping(1)
  • fire damage(1)
  • car insurance(1)
  • driving(1)
  • umbrella policy(1)

View Mobile Version
BLOG
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Home | About Us | Get A Quote | Customer Service | Blog | Contact | Resources
Logo
Subscribe

Powered by Insurance Website Builder

Auto Home Business Life Renters Email Us Call Us Locations