can life insurance be replaced with getting paid more?
Can life insurance be replaced with getting paid more?
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Can life insurance be replaced with getting paid more?
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6 Responses
2.1.2010
It rarely happens. As you pointed out, your so young, it's probably costing the boss less than $50 a year. Plus, if it's a group policy, he probably can't elect you out of it.A comparison to whats already out there is good too..http://www.surveyland.org/jump.php?link=…Hope it all works out
2.1.2010
You never will have kids? A lot of young people say that, but things change.Employer group life insurance benefits are fine, but you should never rely on them to be your primary life insurance as they will disappear with your job (or can be canceled by the employer).The purpose of life insurance is not to benefit you. It is to benefit your survivors (spouse, children, other relatives) who financially depend on you by replacing your lost income.
2.1.2010
You do not know the future, therefore if you get the free life insurance that an employer offers, it does not come out of your pay and it may be needed sometime in the future……..to answer your Q directly, employers will not delete insurance for a higher wage
2.1.2010
You can easily check life insurance quotes in internet, for example here – lifeinsurance.awardspace.info
2.1.2010
No. Life insurance costs them about $2 a month so trying to negotiate that isn't going to help anything.
2.1.2010
its is better to opt for insurance