Finding New Life Insurance

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If I leave my job, can I take over my life insurance payments and keep my coverage?

Finding New Life Insurance

Although you may be receiving life insurance through your employer, if you plan on a career change then you may need to find your own life insurance policy. Since employers usually carry group life insurance (where they are covering many people at once), they may have a special rate and plan set up by the life insurance company. This means that you would not be able to simply take over your own payments if you left the company.
If you are comfortable with the employers life insurance policy, review it carefully and find another policy that matches the protection benefits closely. If price is an issue, determine what is essential for your life insurance policy and find a policy that includes those needs at a reasonable cost.

   

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Lynne Christen