What Is Basic Life Insurance?
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.
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