Life Insurance at Work
by: Djai Tanji
If you work in a company, you will be paying premiums for sponsored health coverage based on risk profiles that take into account factors such as the age and health of the whole group of employees. This kind of system can expand to life insurance as well. If ever you are thinking if it is a good deal, perhaps you should consider that you are paying a premium based on the risk profile of the entire employee base. Meaning, if you are a healthy person with a good “physical build,” you could be paying a premium that factor in a sickly, 50-plus employer. It doesn’t sound too fair for you, does it? So even if you have a policy because of your job, it could be better to cancel it after you get a more affordable and customized life insurance policy.