If your employer require you to purchase life insurance and you are share a part of the total premia, please bear in mind that the ultimate purpose is the benefit of the employee. So the good intention has to be supported with equal contribution.
Most anyone can purchase life insurance on an individual basis. Whether or not it is provided by your employer as part of a benefit package is determined by the employer. Life insurance can be purchased from an agent. Your rates will be determined by your health situation and different companies will have different rates as well.
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Keep in mind that usually life insurance through your employer does not leave with you when you leave work. So if it is 10 years and you decide to leave, you will at that time have to get your own individual life insurance. Now you are 10 years older and your height and weight could be different and you could have medical conditions. Yes, it is a good idea to get life insurance in addition to your work insurance. This way you will be covered at a younger age.
One can purchase life insurance from a number of different companies. One can purchase life insurance from companies such as Aflac, Liberty Mutual, and American Family Life Insurance.
Life insurance is an important protection to have. Canadians can purchase life insurance through a local independent broker, or online at LSM Insurance.
There are actually many companies that can provide you with life insurance without requiring a medical exam. AARP is a great company if you are 55 years or older. Make sure you also check out any plans that your employer may provide as part of your benefits package. You can also check out Insure.com to get quotes from various companies.
Some options for a cheap life insurance plan include term life insurance, group life insurance through an employer, and guaranteed issue life insurance.
you can purchase guaranteed insurability life insurance . you can check on this www.MutualofOmahaLife.com or www.AccuQuoteLife.com
Many companies sell life and critical illness insurance. Employers often offer this type of insurance as a benefit, and it is frequently cheaper to buy it from one's employer. Otherwise, one can purchase this type of insurance from MetLife, Prudential, or any number of other insurance providers.
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"In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?"
Not at all. Your employer can insist you to be be part of a lift policy where he bears 50% of the premia and you pay the remainder.As this is for future provision of the employee, it's upto him to decide further course of action.