Looking ahead to Annual Enrollment: Let’s Talk Financial Security – Life and Disability Insurance

How would you handle paying your medical bills and protecting your finances if you were unable to work beyond what your PTO and ESB covers? Or even worse, if you were to pass away, how would your family be affected financially? Life and Disability Insurance are benefits that no one wants to consider until they are needed. These benefits are a vital part of your financial protection for yourself and your family.

The main purpose of life insurance is to provide financial security to you and your dependents if one of you were to unexpectedly pass away. What if you and your loved ones live day-to-day using the income of your family member who passes away? Additionally, the cost of a funeral can be expensive, especially if you don’t have significant savings.  Knowing that you have insurance can help ease some of that stress. Additionally, if you have substantial financial obligations, such as a mortgage, life insurance can help reduce the burden if you or your spouse passes away. EverTrue offers a Basic Life and A&D Insurance policy for employees at no cost to eligible employees, along with supplemental life insurance policies for employees themselves, their spouse, and their child(ren) for an additional cost paid by the employee.

Disability insurance safeguards you if you are unable to work and don’t have enough PTO and/or ESB to cover your absence. Consider your monthly expenses versus your savings—how many months could you continue paying your expenses without income? Depending on the severity of the disability, there are Short-Term and Long-Term Disability options. To learn more about these benefits, visit the EverTrue Benefits Website (www.evertruebenefits.org) or click the following links: www.evertruebenefits.org/life-insurance; www.evertruebenefits.org/long-term-disability; www.evertruebenefits.org/short-term-disability.