What is life insurance

Insurance was supplied by the employer

Insurance was supplied The Employee Retirement Income Security Act (ERISA) governs employer-provided disability insurance benefits, which reimburse a part of a claimant’s wages if they are unable to work due to illness or accident. Short-term disability (STD) insurance is often used to cover the first six months of disability insurance payouts. Long-term disability (LTD) insurance …

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What is life insurance? Should I get life insurance?

A legally binding contract between you and your insurance company is life insurance. Your insurance company pays your selected beneficiaries a lump-sum payout, commonly known as a death benefit, in return for monthly or annual payments. You may get life insurance either online or through a broker. When deciding on the quantity and length of …

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