As a teacher, you’ve probably pivoted more times than you can count in 2020. With a new school year around the corner, some districts are choosing to reopen buildings with strict safety measures in place. To prepare for the return to the classroom, familiarize yourself with the latest safety guidelines and review your life insurance coverage — because the policy you have through work may not be enough. Life insurance options for educators Many schools, unions and member organizations across the US provide life insurance for teachers, including the National Education Association (NEA) and American Federation of Teachers (AFT). A few insurers tailor policies to teachers, including...
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How Does Convertible Term Life Insurance Work? What Is Life Insurance? Even though it’s designed for a simple reason, life insurance can be confusing. Whole life, term life, group life insurance, convertibility – what does it all mean and how does it affect you? To understand how a term life insurance policy can be converted, let’s look into what term life insurance means and in what situation it would make sense for someone to convert their term life insurance to permanent life insurance. What is Term Life Insurance? Just as it sounds, term life insurance is purchased to provide coverage for a determined amount of time – 10, 15, or even 20 years. Term life differs from permanent or...
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No one likes to think about death. And almost as bad, life insurance. There are much more enjoyable things to plan for: vacations, retirement, a shiny new car! The problem is, procrastinating on that life insurance policy is costing you money. The older you get, the higher your rates, and the more likely you are to develop health problems which can cause your premiums to be even higher. Conversely, the younger and healthier you are at the time you take out your policy, the cheaper your premiums will be. But life insurance sounds expensive and there are just too many types to choose from. First, why do you even need life insurance? Most commonly, life insurance is a way to ensure that your...
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Life insurance is important during every stage of life, whether you’re single with nothing to tie you down, married with or without kids or a mature couple making plans. Everyone has something or someone to protect. EPIC Specialty Benefits Term Life coverage is designed to be flexible, including the ability to select your coverage amount. What is Term Life Insurance? Term Life Insurance protects you for a specific time period or “term.” In the event of your death, a benefit is payable to your beneficiaries in the amount of coverage provided by your plan. How much insurance do you need? Make sure your coverage keeps up with the changes in your life – such as marriage, home purchases,...
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