Many of us are getting “sticker shock” during this open enrollment season, as the price of health insurance continues to increase.

As you look at your options for health insurance and other employer-sponsored plans, it is in your best interest to consider purchasing life insurance or disability income insurance separate from your employer.

It is a fallacy that group term life insurance is a better deal than an individual plan.
Here’s why:

  • Your profile is unique.
    You could potentially be eligible for preferred or more favorable health underwriting. Group plans pool the health risk of all individuals. So, essentially, if you’re healthy, you’re subsidizing the cost for unhealthy people.
  • You can take it with you.
    When you purchase an individual term life policy, you can get a fixed, guaranteed premium policy that you own. This means that if you change jobs, your unique life or disability insurance policy stays with you.
  • More choice.
    Different insurance carriers will offer different prices and different benefits. This means you get to choose a policy that fits your lifestyle, health, and –most importantly—your budget.
  • Guaranteed fixed life insurance premiums.
    Once you sign up for a policy that’s tailored to your unique situation, you’ll know exactly how much you’ll pay, over the entire term of your policy (10, 15, 20, 30 years or more).

While we can’t reduce your health insurance costs, contact us to explore how we can save you money on your term life insurance and disability income insurance. We offer a complimentary consultation to compare rates.

Phone: 703-760-4630