Lowest Life Insurance Rate
Group life insurance is often less expensive than individual life insurance because the group life insurance costs are subsidized. When buying into a group life insurance policy, sometimes you don’t have to submit to a medical exam, which is good news for those people who are in poor health, or have pre-existing health conditions. Plus, if you purchase an individual life insurance policy, you could possibly be taxed for the amount of money it took to pay your rates for the year, i.e., the government views the money you paid for your individual life insurance policy as taxable income. Who wants to pay more expensive premiums for life insurance, only to turn around and be charged for what was paid? Continue Reading »