How much life insurance do your employees need?If your employees have people who depend financially on them, they need life insurance, no matter what their age or marital status. With life insurance, they can help spare their grieving loved ones the additional stress of economic difficulties and preserve their quality of life.
One rule of thumb for recommended coverage is a life insurance amount equal to up to 12 times annual income, according to the American Council of Life Insurers. No one guideline applies to everyone, however, because financial situations and goals vary from person to person, and family to family.
Direct employees to our online Life insurance calculator
to help determine their life insurance needs.