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With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.
Understanding Voluntary Life Insurance
You've likely heard of life insurance before, but have you heard of voluntary life insurance? This type of policy proves to be of the utmost value because it allows you to rest assured that your loved ones will be protected in theThe Jordan Insurance Group, MD, Happy Father's Day event that you pass away. As you can see, it is very similar to regular life insurance. The benefits can be used by beneficiaries for any purpose, such as paying off a mortgage, college tuition expenses, buying a new car, etc. A major benefit of voluntary life insurance is that the premiums tend to be less expensive because you get the policy through your employer at a group rate. Some voluntary life insurance policies will allow you to add on additional benefits if you meet certain qualifications, such as good health, the ability to port the coverage if you switch jobs, and even the option to buy policies for your spouse and dependents. There are many voluntary insurance policies that don't require a health exam. This benefit proves to be of the utmost value to those who would otherwise be denied coverage. It's important, however, that you carefully assess the benefit payout of a voluntary life insurance plan because it may not be sufficient for your needs, thus meaning you might have to buy an additional policy. In addition to voluntary life insurance, you might be able to purchase a voluntary policy that provides health coverage. To learn more about voluntary life insurance and other various voluntary insurance products, you should speak with a reputable insurance agent in your area. This professional can assess your needs and help you find the most comprehensive policy available at an affordable price.
William Jordan
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