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Life Insurance Through Your Employer
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: Life Insurance Through Your Employer
Posted by LittleBlueBug
I'm not full time at my job, so I don't actually get it through my job. Though I do work for a life insurance company, and I can tell you that most of the insurance policies employers offer usually is not enough...especially if you are married, have children, or own a home. The best thing I can suggest is always get supplemental that you pay outside of your job. Most companies will discontinue the insurance if you leave or get laid off...that happened to me. Since you don't know when that will happen or if that will happen, you should get it while you're young and healthy. I can't tell you the amount of people who wind up getting denied or rated because they waited too long and are not in perfect health anymore. My DH got rated and he is in better health then I am! Even something like a bad back can get you rated! And even if you aren't the bread winner, you have to consider if your salary being lost from the household would have an impact on your familiy's ability to function and not struggle. Sometimes you really don't realize how much you really contribute. Especially since MOST people can't make it on LI without 2 salaries. Ok, I'm off my soap box now
It's SOOOOO true. When Dh and I finally got around to purchasing supplemental insurance, we were amazed at the difference in price for him vs. me, because he rides a motorcycle, his father died of a congenital heart defect and he used to fly planes. His yearly cost is FOUR TIMES the amount I pay for mine, and that's taking into consideration that my father has diabetes, congestive heart failure and my mother had breast cancer! 
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Posted 11/14/06 10:00 AM  |
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LittleBlueBug
Happy Mommy
Member since 9/06 4074 total posts
Name:
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Re: Life Insurance Through Your Employer
Posted by SweetestOfPeas
DH and I need to look into this... some of the info posted on here was very enlightening!
Glad it helped! If you need any more info feel free to ask
What amazed me was DH's is more then mine and his policy is also less then mine! If he had the same poilcy I had I'm sure it would have been more then doubled! I have stroke, diabetes, and factor V thrombophelia in my family...which is another reason why I got my poilicy when I did, in case I ever tested for it...and I didn't evn get rated! My DH got rated because he he has a lot of muscle and on the height vs weight chart they look at it as overweight...even though it's just from working out!
Message edited 11/14/2006 10:09:32 AM.
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| Posted 11/14/06 10:06 AM |
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| Pages: 1 [2] |
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