Before answering what is supplemental life insurance.
Chances are, you’ve come across “supplemental life insurance” through your first joined a new company or your employer’s open enrollment.
In terms of what the sentence means, it sounds simple enough, right?
Well, it’s a little more complicated than that.
This is why we’re here to help you figure out exactly what supplemental life insurance is.
And most importantly, whether you need it or now?
So, let’s start:
What is supplemental life insurance?
Supplemental life insurance is the coverage you can obtain through your job in addition to the group life insurance they might already give as a benefit.
More to that, the supplemental policy is regularly paid for out of your monthly paycheck.
While group life insurance is a component of the package of your interest from your organization and therefore is normally a free bonus or has affordable awards.
Thought that’s not always right of supplemental life insurance.
Whether supplemental life insurance is of great value will depend on the outcome and your health, personal age, and the cost of the coverage you’re attempting.