Flowers, chocolate and life insurance. It's no coincidence that February, the month of love is also the month of annual insurance for your love.
On personal level, life insurance cannot seem very romantic, but there is plenty of reason to think about this Valentine's Day. Valentine's Day is about showing your love for the special person, not with jewelry and cards but with substantial protection.
At company level, it's also a good time to help your team think about their life insurance needs
What is the insurance for your love campaign?
Every year, the Insure Your Love campaign deteriorates from the idea Life Events . The campaign focuses on the real purpose of life insurance: protecting the people we love. We always want to be there for our loved ones, but if we can't, we want to know that they will still be provided. Life insurance makes it possible.
What can employers do?
Providing life insurance is an easy way to help your employees and help your business in the process. According to a Glassdoor survey 63 percent of job seekers and employees say benefits are one of the best factors they consider when looking at job ads. If you want to attract talent, you must offer benefits.
When it comes to life insurance, education is also important. According to 2018 Insurance Barometer Study from Life Happens and LIMRA, 44 percent of Millennials overestimate the cost of life insurance five times and many need help understanding product types, coverage amounts and how to qualify. Life insurance can be a scary topic for many people, so employers can help by providing information and coverage.
If you visit the website Life Happens you will find a great video, calculator, case studies and other tools that you can share with your team, as part of your overall workplace wellness strategy. As you know, financial well-being is part of the well-being of the workplace, and life insurance is an important component.
What can people do?
If you have put out life insurance, it is now time to act Remember that you do not do it yourself. You do it for the people you love. This is especially important if you have a husband, child or someone else who depends on you.
If you have a group policy through your employer, review it for your satisfaction. Some coverage is always better than no coverage, but there are many variables in life insurance products. Some provide coverage for a particular term, while others can provide coverage for your entire life. Some offer modest payouts, primarily intended to cover funeral expenses, while others provide larger sums that can be used to compensate for loss of income income, to pay off a mortgage and other debts or to create a teaching fund.
If you are not satisfied with the coverage you have through your group plan – or if you do not have coverage at all – consider getting an additional life insurance on your own. It can be an unusual Valentine's Day gift, but it is one that really shows how much you care.
BNC can help. Request a life insurance quote here.