You also have the flexibility to change your coverage as your needs evolve.
Common types of term life insurance your workplace includes:
- Basic Term Life: Generally an employer-paid coverage offered for a set period of time that provides your beneficiaries with essential financial protection.
- Supplemental Term Life: An employee-paid benefit allowing you to purchase additional protection as your needs change over time.
- Dependent Term Life: Provides coverage for your spouse, civil union partner or domestic partner, and eligible children.