Protecting your loved ones is important. And we don’t always know what the future will bring. That’s why being prepared for the future may need to be a top priority, and life insurance helps you put the people in your life first. It ensures that a death benefit is paid out to your chosen beneficiaries and offers them support during a difficult time.
If you have loved ones who are dependent on your income—or other major financial obligations, such as a mortgage—you may want to consider group term life insurance. It helps you provide additional protection to your family’s future, should the unthinkable happen.
Spencer worked full-time while her spouse Riley stayed home with their three young children. For them, childcare costs outweighed the income Riley would bring home, so they’d decided to rely on Spencer’s paycheck for all their expenses. But Spencer and Riley were planners, and they’d prepared for the unexpected by purchasing life insurance.
So when a sudden heart attack took Spencer’s life, Riley knew their family’s financial future would be taken care of. They could mourn Spencer’s loss as a family, all while knowing their world wouldn’t be disrupted more than they’d already experienced.
For illustrative purposes only.
Having five kids is always at the back of my head. I feel like it’s a valuable expense for something that could be very life-changing if we had an issue.
Accidental Death & Dismemberment (AD&D)
It’s no surprise. People have accidents every day. And, unfortunately, some of them are severe. Your employer may offer AD&D coverage as part of your group term life insurance to give you even more protection. With this coverage, a core benefit is paid for the loss of life, hands, feet, thumb and index finger, and vision as the result of an accident.
If your employer offers group term life insurance, this benefit will be covered by your employer.
If something were to happen to you, your life insurance proceeds would go to the people you’ve designated as your beneficiaries. Those funds can help them manage financial obligations, such as:
- Funeral expenses
- Daily living expenses
- Childcare
- Paying off debts
- Mortgage/rent
- College funding
If your employer offers group term life insurance, you, your spouse/domestic partner, and your children are eligible for the coverage.
Learn more.
Ready to unlock the full potential of your benefits? Talk to your employer or financial professional about benefit costs and how to enroll.
Explore other benefits that your employer may provide: