Worksite Life Overview
Worksite Life Overview for Business Owners
A reflection of the changing economy of the last decade can be found in the evolved attitudes many people have toward insurance. Today, even people who are young, unmarried, or childless seem to have an increased interest in securing financial protection in the event of death. Yet, while the interest is often there, the time and energy to follow through may not be. There always seems to be something else that comes first: Namely, bills, day-to-day activities and expenses.
There is a convenient way to obtain insurance coverage that has gained enormous popularity. More and more business owners have been making insurance products available to their employees through Voluntary Payroll Deduction (VPD) programs. With a VPD program, an agent from a reputable insurer comes to the employer's place-of-business to offer employees the opportunity to purchase individual life plans. This can be invaluable to employees who have not yet purchased the financial protection they (or their families) need. Click here for more information on Voluntary Payroll Deduction.
Employee's Whole Life
Employee's Whole Life is a life insurance policy you purchase through your employer. You pay premiums for this coverage through voluntary payroll deduction which means premium payments are deducted directly from your paycheck (after you sign a Payroll Deduction Authorization form). There are no checks to write or payments to mail.