Group Universal Life Insurance
Reader’s Question:
What are the characteristics and benefits of a group universal life insurance?
Jeffrey
Atlanta GA
Group universal life insurance, just like any group insurance, is a benefit provided by employers for its workers. An Employer usually buys a master policy and gives out certificates to the employees as a proof of their coverage. The premiums may either be paid entirely by the company or are shared between the latter and the employees.
Purchasing a group universal life insurance is a good option for both parties, the employer and employees. This is due to the fact that the cost of buying it is relatively cheaper compare to obtaining it on an individual basis. Most insurers offer discount to companies who avail of their group insurance package thus such discount lowers down the cost of their universal life insurance. However, individual coverage may apply and premiums may go up in price in the event that the employee decides to leave the company even though the policy remains the same and continues. If the owner decides to share the cost with its staffs, premiums are paid as payroll deductions and continue until either the company decides to cut off the benefit or the insured no longer wants to participate in the program. The policy is most likely provided without requiring the workers to submit to medical examinations.
Another major benefit of a group universal life insurance is that the money deposited into this policy will grow tax-deferred over time. Also, there is an opportunity for ensuring significant savings in preparation for a life after retirement. On the other hand, company owners want to ensure that the tenure of its employees must be long enough in order to take advantage of this benefit. Human resources could eventually use this to entice top performers to retain and even those potential applicants to join the organization. Furthermore, business owners may opt to extend the said policy to the dependents of its employees under specified conditions.
Atlanta Car Insurance Comparison Rates
Reader’s Question:
How do I go about doing car insurance comparison online? I see tons of TV commercials and they make it sound so easy, but I want to compare multiple companies not just one.
Faye
Atlanta Georgia
If you choose to do a car insurance comparison prior to the renewal of your policy, you could possibly get a cheaper rate of your auto insurance than what you are presently paying.
Finding for a cheap car insurance comparison rate is quite simple and more convenient when you do it online. In doing so, you don’t have to do all the legwork of visiting each local insurer or spending long hours over the telephone doing lengthy conversations with an agent. You only have to sit in front of your computer, do the car insurance comparison rate by yourself and request for free quotes instantly from several auto insurance companies. Just make sure that what you are comparing are of the same types of coverage. You can always get back to these auto insurance websites at any time and any place so there is no need to be in a hurry to obtain for an inexpensive car insurance comparison rate.
Another way to compare your car insurance rates without spending too much time on the computer is to visit an auto insurance comparison website. A comparison site will do all the job of car insurance comparison by providing you several quotes from various insurance companies all in one screen. All you need to do is enter some basic information in their online form. When submitted, you will be redirected to a screen where you will be able to compare quotes and see how the rates vary greatly from company to company.
You may also notice when doing a car insurance comparison that some companies are offering discounts. For lower car insurance comparison rates, see if whether you will be eligible for these discounts. Some companies offer discounts to those beyond age 50. Others have discounts for safe drivers and students. There are still plenty of auto insurance discounts available. So shop around and do not be afraid to ask each insurer about the discounts they offer.
Loading ...