The life insurance policy that you have through your employer is only in effect while you are employed with your company. If you ever leave, retire, resign or are terminated from your employer then you no longer have an effective life insurance policy, leaving your beneficiaries without any proceeds or benefits.
You should always maintain a life insurance policy individually that is not connected to your employer. The earlier you get a life insurance, then cheaper it will be since premiums are based on your age and increase as you get older. You should definitely lock in a policy while you’re still young.
This website is designed for general information only. The information presented at this site is not and should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
Copyright © 2023 T. M. Johnson Law Firm, LLC - All Rights Reserved.
(470) 485-2110
Click below to reserve your spot to attend a Free Online Webinar with Attorney Tamika M. Johnson as we talk about:
*Basic Estate Planning that everyone needs
*How to protect your Money, Property & Loved Ones
*Avoiding Probate in the Process!