Many companies offer incentives to their employees as part of an employment package. These benefits may include things like healthcare, contributions to retirement savings, gym memberships, and even group life insurance coverage.
There are times in life that you can probably risk cutting corners: buying conventional bananas over organic, for instance, or opting for generic paper towels. When it comes to your life insurance coverage, however, a little bit of savings may not be worthwhile if it comes at the expense of your loved ones’ financial stability.
One of the best ways to financially protect those you love is to buy adequate life insurance coverage. Both short- and long-term policies can replace your income if you were to suddenly pass away, as well as provide for your loved ones’ needs. But once you’ve purchased a life insurance policy, is there ever a reason to buy another one? Today, let’s talk about whether or not you can have more than one life insurance policy, and why you’d want to in the first place.
Odds are, you’ve been told that life insurance is an important tool for protecting your loved ones if you — and your income — were suddenly gone. This coverage can help support your family in your absence, paying for the things that your earnings would have gone toward.
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