Life insurance is a valuable incentive to offer employees and an essential part of any family’s financial planning. But finding the plan or policy that best meets your needs can be challenging due to the many options out there.
Here at SRC Financial Consulting, we understand that choosing life insurance is an important decision. As a leading life insurance broker in Texas, we know the ins and outs of the life insurance market, so we can help you find life insurance plans that meet your needs — both now and in the future.
Group Life Insurance
Providing life insurance coverage is a highly desirable benefit for employees, as it shows that you are an employer that cares for your staff. Employers will typically pay for a group plan, and then the employees will receive coverage for no or very low monthly premiums. There are numerous policies available, from a basic plan to more advanced coverage that will allow employees to pay additional premiums to increase their death benefits.
Having life insurance as part of your benefits package can help attract better candidates and retain them once they’re part of the team. Some life insurance plans can also offer tax benefits to employers.
Individual Life Insurance
In addition to group policies, SRC also offer individual life insurance policies. Life insurance provides death benefits to your family in the event of your death, which can help ensure your loved ones’ financial security. Your beneficiaries will be paid a tax-free amount that can be used to pay for anything from funeral costs and mortgage payments to your children’s college tuition.
There are three main types of life insurance available. Each one offers death protection coverage, while some policies also offer attractive living benefits.