Q. It's corporate benefits enrollment time, I wonder should I use Group Life insurance or purchase individual life insurance by myself?
A. The key to make the wise decision on Group Life vs. Individual Life is to understand the pros and cons of each choice. While Group Life has its benefits, you should also consider its limitations. On the other hand, Individual Life insurance can provide additional benefits making it complementary or potentially a more attractive option.
Below is a quick Group Life vs. Individual Life comparison:
A. The key to make the wise decision on Group Life vs. Individual Life is to understand the pros and cons of each choice. While Group Life has its benefits, you should also consider its limitations. On the other hand, Individual Life insurance can provide additional benefits making it complementary or potentially a more attractive option.
Below is a quick Group Life vs. Individual Life comparison:
| Group Life No No No Yes No | Individual Life Yes Depends on product chosen Yes Yes Depends on product chosen |
RSS Feed
