As discussed in a new InsuranceAgents.com article, a group life insurance policy is usually more affordable and offers more coverage than an individual policy.
Chicago, IL (1888PressRelease) January 24, 2010 - Many people know they probably should have a life insurance policy, but some may not be sure how to go about it, or have questions they need explained. That's why InsuranceAgents.com recently released an article, "Group Life Insurance Explained," to help consumers get a grasp on the ins and outs of group life insurance so that they have all the information they need to get coverage for their beneficiaries.
In this day and age, with so many individuals and families facing debt every which way they turn, households literally can't afford to lose someone (not just emotionally; financially, too). Losing a loved one is unbelievably hard, and losing their financial contribution and then adding on the debt and expenses their passing away brings is just pouring salt into the devastating wound. It can be more than a little beneficial to have a life insurance policy in place to help the policyholder's survivors make ends meet while they grieve.
Rates for group life insurance are based on the amount of risk possessed by the group as a whole rather than the individual. Group life insurance policies, typically, cover the family of the insured as well. Suffice it to say, a group life insurance policy is usually more affordable and offers more coverage than an individual policy. If a person can find a group life policy, they should seriously consider it.
"Chances are if your employer owns a group life insurance policy or you are a member of a professional organization or union that owns a group life insurance policy then that is an incentive you should look into," according to the InsuranceAgents.com article.
Individuals should talk to a life insurance agent before joining any group life insurance policy. For free life insurance quotes, or for more information, visit InsuranceAgents.com.
As discussed in a new InsuranceAgents.com article, a group life insurance policy is usually more affordable and offers more coverage than an individual policy. 
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