Wouldn’t it be nice if your older self could somehow get a message to your younger self about the importance of having enough insurance? That even though your responsibilities may be few, one day there will be a lot riding your ability to earn a living.
Last fall, a new voluntary life insurance benefit was added to ISG’s employee benefits package. This resulted in a review of my family’s life insurance situation. For grins, we requested some quotes through our auto and home insurance agent to compare to the plans available through work.
As I reviewed all the information, two things were very clear. First, I should have purchased the life insurance years ago to lock in a much lower rate. Second, the group voluntary life insurance was a better plan in my situation.
The older (and hopefully wiser) me now understands the importance of being insured. And I also appreciate the availability of voluntary benefits through the workplace, which many times offer improved benefits and competitive rates. Paying the premiums through payroll deduction makes budgeting easier too.
I’m sure I’m not alone in learning this lesson a little later; but better late than never. So here’s my message:
To all the young people out there, think about your future. Take advantage of the benefits offered to you through your
employer. Even if you can only afford to enroll in the minimum benefit, the earlier you purchase your policy, the
greater your savings will be.
To all the employers out there, don’t underestimate the value that voluntary benefits add to your overall benefit
program. They are easy to administer and cost little or nothing, but are an important option for employees.
The good news is that ISG Advisors has a variety of employee education resources to help get your message out. We also have numerous voluntary benefits to offer so you can provide a range of benefit plans that help protect your employees and their families.