So, Now What?

Term Limits

I recently found out that if you have life insurance through your employer that there is a hidden danger. Your coverage is based on a percentage of the time you spent working in the past 12 months.

So what? You might say...

Well imagine a terrible scenario in which you suffer some form of disease that makes you unable to work for 6 months, and then you pass away. Now your family gets only 50% of the money that they could have from your policy.

So if you don't have it already, you really should get private life insurance. The other reason is that you might not be at your current company forever and life insurance premiums cost more the older you get.

posted by Shane @ 6:25 AM