Accident insurance pays cash directly to the insured in the event of a covered accident. These payments can help offset the costs of out of pocket expenses for deductibles, co-payments, co-insurance, other related expenses or be used to pay everyday expenses. Since the money is paid directly to the insured, it’s really their decision on […]
Group Life Insurance Conversion and Portability Explained
As simple as some insurance terminology seems, it’s easy to get confused about what terms actually mean in the whole grand scheme of things. One area that employers and employees often get confused about are with the words we use to describe what happens to their life insurance when they leave employment. Those words are […]
How Does Basic Group Term Life Insurance Work?
Basic group term life insurance is a fringe benefit that employers provide to their employees. It’s an amount of life insurance that employees get just for being an employee of the company. It covers all eligible employees under a group certificate owned by the employer that outlines what the life insurance coverage is and how […]
Workplace Benefits: The Definitive Guide [2019]
Do you have questions about your workplace benefits? Well, you are not alone. Many employees just like you have questions about how their benefits work and which ones they should enroll in. Because of that, I put together this Definitive Guide to Workplace Benefits. It’s here to help you learn what you need to know […]
The Definitive Guide to Critical Illness Insurance
A critical illness insurance policy pays a lump sum benefit to you in the event you are diagnosed with certain covered critical illnesses. To help you make sense of these unique polices, I’ve put together this extensive guide to critical illness insurance policies. RESOURCE: This guide is a part of my larger guide called The […]
5 Types of Insurance Underwriting in the Workplace
When I work with employer groups, one of the things that decision makers often suggest is that if employees want life insurance that they can just go down the street and get it on their own. The problem is that getting life insurance is not like going to a store and buying a television. Anyone […]
The Definitive Guide to Life Insurance
RESOURCE: This guide is a part of my larger guide called The Definitive Guide to Workplace Benefits. Be sure to check it out. This is my definitive guide to life insurance. I wrote this guide because a lot of people tell me they don’t understand how life insurance works. I’ve done my best to cover […]
How to Get a (Great) Guaranteed Issue Offer for Your Employees
As I discussed in my types of underwriting offers employees can get at work article, employees just can’t go to their insurance agent and get life insurance without any medical questions. In order to get a policy, they have to go through what is called the underwriting process. If they have a history of any medical […]
8 Problems with Group Term Life Insurance
Group term life insurance is one of the most common employee benefits. It’s a benefit that every employee should definitely enroll in. The reason is because it can be one of the most important benefits their family would receive if they die while they have it. However, there are some common problems with group life […]
What’s the Difference Between Term and Whole Life Insurance?
When I talk with employees about their life insurance, one of the most common questions I get is what is the difference between term and whole life insurance? Even when people know the difference between the two, they sometimes get the names of the policies backward. They might call term life, whole life by mistake […]
