Provide Executives With a Company Paid Insurance Policy Without Getting Nosy

How is it possible to provide the company executive with a paid for life insurance policy without having to set the exec down and spend time probing into personal issues or at least to have to work through decisions on what type of insurance is best. Many companies that want to provide insurance coverage as a perk for employees have chosen to go with term life insurance because it is easy to procure, easy for the company to administer, and gives the executive and family the peace of mind that comes from having life insurance.

A term insurance policy offers protection during a defined and limited number or years. Term insurance expires without value if the insured survives the stated period, which may be one or more years but usually if five to thirty years, because such periods usually cover the needs for temporary protection. The policy holder is normally the insured individual but it may also be a relative of the insured, a partnership or a corporation.

It has become a common business practice for companies to provide term insurance for key employees, especially company executives. The policy stays in force so long as premium payments are being made so it is simply a matter of ceasing to make payments to end the coverage should the insured individual no longer remain in the employ of the company.

The easiest way to price and procure term insurance is to do it online. An internet search for term life insurance quotes will reveal a number of insurance quoting web sites. The information to be provided about the person to be insured is minimal so no probing for personal information is required by the company. The form to be filled out online requires age, gender, state of residence, coverage amount, term, and smoker or non-smoker. Comparison term rate quote data from dozens of insurance providers is returned instantly and the most affordable term life insurance quote can be seen right away. No probing of the executive is necessary and the process is completed in no time.

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