What is employer-paid term life insurance?

Answer Employees may be offered a term life insurance policy from their employers. If the company has a term life plan, the coverage is extended to all eligible employees who meet their employer's require... Read More »

Top Q&A For: What is employer-paid term life insurance

What percentage of term life insurance is actually paid out to beneficiaries?

Term life insurance will pay the full face value of the policy to the beneficiaries, so long as the policy's premiums are current. The percentage of what is paid to multiple beneficiaries can be de... Read More »

Can an employer cancel an employees life insurance while they are out on long term disability for a terminal illness Massachusettes?

Can your employer cancel your health insurance when you are on short term or long term disability because you did not make a payment on your insurance like is normally done through your paycheck?

Your employer's obligation to pay premiums normally stops when your paycheck does, that is, when your medical and personal leave is exhausted, and there is nothing left to deduct the premiums with.... Read More »

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »