More often than not clients and policyholders will let me know during our initial meeting that they already have their life insurance needs covered through work.They feel confident and secure that they have checked the correct box of life insurance during their initial human resources meeting.
An essential practice of our discovery process is reviewing any and all insurance our clients possess, which opens up the conversation about the importance of owning permanent insurance outside of work instead of only owning term insurance through an employer.
The average American will hold at least eight jobs during their lifetime and the term life insurance benefit provided will most likely also terminate when the decision to part ways is made. Because of this, it is important to separate the employment insurance from personal insurance. It makes sense to view an employer life insurance benefit as a bonus gift, not the main source of protection for beneficiaries.