How Life Insurance Works and Your Employer’s Policy Is Not Enough
Note – The following post about how life insurance works is sponsored by USAA. All opinions are my own. My wife and I have life insurance through our employers. But, here’s a secret Americans don’t talk about much – Our life insurance from our jobs isn’t always enough. In fact, most of the time it’s not enough coverage to protect our families should the unthinkable happen (the death of an income earner in the family). I’m in the US Army. I have Servicemembers Group Life Insurance (SGLI) to the turn of $400,000 in coverage. While SGLI’s $400k is a very generous term life insurance policy and it has very low premiums, it’s still not enough insurance coverage. I have four … Read more
