Young Families Often Neglect Life Insurance
A recent study found that 75% of people who died prematurely between the ages of 30 and 55 left their spouses without adequate life insurance coverage.
Failing to leave a sufficient life insurance death benefit could require family members to sell personal assets such as their home, tap into personal savings accounts or take on additional work in order to make ends meet. Life insurance can help provide protection to avoid this type of financial loss.
Employers can help diffuse a potential risk of having a key employee's work suffer as a result by offering a group life insurance plan and voluntary life. You may be very surprised to see how affordable it is to sponsor a group life plan for your employees. Many factors play into the equation of how much life insurance coverage is enough and many employees do not know where to go to find out. That is why Newport is never absent. We can help employers put together the perfect affordable plan for your company and also work with your employees to consult and educate them on what amounts of additional voluntary life would be suitable for their situation.
Many life changing events happen unexpectedly. Both corporate and personal needs change over the years and life insurance coverage may need to be adjusted. Newport evaluates these coverages on a regular basis to help ensure everyone's financial security.