Reasons to Purchase Your Own Life Insurance Policy
Protect Yourself Above And Beyond Company Life Insurance
If you are fortunate enough to have company-sponsored life insurance, congratulations. But there are still reasons you may want to purchase your own life insurance policy. To find out the benefits of obtaining your own life insurance policy outside of an employer sponsored plan, keep reading.
Independence. Purchasing your own life insurance policy assures your family will remain covered even if you change jobs or become unemployed. You control the policy because you own the policy.
Tax Benefits. Depending upon your personal situation, the type of insurance purchased and other factors, there may be some tax benefits to your heirs if you purchase and pay for your own life insurance rather than an employer sponsored policy.
Additional Coverage. Many employer sponsored plans provide only limited or no coverage for your family. Calculate the right life insurance requirements for your family and find out how affordable life insurance can be!
Reliability. Purchasing your own life insurance policy allows you to do business with a company you know and trust like GEICO. Don't risk leaving your family facing a financial disaster because your employer sponsored plan went with a no-name company.
The above-listed tips are for informational use only. Refer to your insurance policy contract for specific information regarding your coverages and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.