Insurance Baton Rouge

We often get asked the question; “is it better to buy my company provided life insurance or buy life insurance on my own?” As with most things insurance-related, there are big variations in life insurance coverage and price. We recommend you consider looking at an individual plan first. Let’s look at some of the differences between group life insurance plans and individual plans.

Baton Rouge Group plan problems

  • Group plans tend to have higher premiums
  • Rates may change from year to year
  • Group life insurance cannot be tailored to your individual needs
  • You have a limited amount of coverage you may buy
  • You do not have a choice of insurers
  • Group insurance is not portable, you can’t take it with you if you change jobs

Baton Rouge Individual plans benefits

  • You can shop around to get the best deal
  • Premiums are generally less
  • You have the option of higher limits
  • Premiums can be locked in over a long period of time
  • The policy is portable and can be adjusted as your life needs change

The safer and smarter move is to buy life insurance on your own today. If you are interested in the deal offered through work, at least compare your costs for that group plan to what you can qualify for in an individual policy.

Fourrier Agency, Inc., a third generation, Louisiana owned agency, represents the most stable and financially secure companies in the marketplace today. We shop multiple A rated companies for you to provide a variety of options to choose from.

Posted 1:25 PM  View Comments

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