Why would I purchase voluntary life or disability insurance?

Life and disability insurance are intended to provide your dependents financial assistance in the event of your death or disability. The amount of the policy you purchase is intended to reflect the needs of your family. This includes paying off bills and debts, like medical bills and funeral expenses. It can also be intended to provide funds to pay off a mortgage, estate taxes, or cover a child's education.

If your employer does not offer basic life or disability insurance or their basic package does not meet your needs, you may wish to purchase a voluntary policy.

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