Reviewing your open enrollment options? Make sure you understand the two types of life insurance benefits your employer may offer:
1️⃣ Basic Life Insurance: Usually a multiple of your salary. Helpful to have, but If you leave your job or your employer changes the benefit, the coverage goes away. This is why having your own private policy is important for long-term protection.
2️⃣ AD&D (Accidental Death & Dismemberment): Often included, but not true life insurance. It only pays if death or injury is caused by an accident, not illness. It’s best viewed as an add-on, not core coverage.
Understanding the difference ensures your family is protected no matter what changes in your career. Want to confirm you have the right amount of coverage? Reach out to us to schedule a complimentary Q&A with one of our team members.
