Life Insurance – The Basics
First, there are two main types of coverage for you to consider: group or employer-sponsored life insurance, which is coverage that you sign up for with your employer’s human resources office, along with other employee benefits. Some employers offer basic plans at low or no cost to you, as well as options for more coverage at a higher cost. We can help you sort through what your employer offers if you’re not sure what you’re looking at. The second main type of life insurance is individual coverage that you purchase through an insurance company for yourself or a loved one.