What Is Basic Life Insurance?

Author: External Author | | Categories: Life insurance , Life Insurance Broker

Many employers offer basic life insurance to their employees as part of a benefits package. Basic life insurance is a type of group life insurance that is provided to employees at no or very low out-of-pocket cost. Insured individuals can expect that their beneficiaries will receive a limited and predetermined death benefit if the policyholder passes away during the coverage term.

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Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Emily Guy Birken

Original Article Posted on:   December 14, 2020

Link to Original Article:  https://www.thebalance.com/basic-life-insurance-5092174

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