Developing a career, regardless of the industry you’re in is not without challenges. In a perfect world, the joy of being good at what you do, and being paid well for it, would suffice. But realistically speaking, we’ve come to expect more than just these two things as part of the benefits of working in the fields we’ve chosen. Yes, some people have jobs as opposed to careers, because in times of necessity, making money is more important than how you actually make it. But what are some of the other benefits of the job you currently have/potentially will have that make it all the more favorable for you? When a group of people were posed with this question, 8 out of 10 of them answered with a resounding “Life Insurance”. Is it really a big deal to get life insurance coverage through your job? At one point it was. This facility gave the impression that your employer was investing in you and your well-being. It also meant that it took the perceived leg work out of sourcing Life Insurance for yourself (and your family), by yourself. But things are changing, and as a modern society that should be susceptible to information, fact and proof as opposed to trends, it may be time to revisit the validity of maintaining Life Insurance coverage through your employer.

Insurance Through Work

In a recent article outlining the effects of Obamacare to job-provided Life Insurance premium holders, it would seem that its effects aren’t favorable at all. Due to current and up-and-coming changes to the American healthcare system, the job-insured employee will realize a negative impact on employee health insurance, since the Obamacare system is forcing / going to force several organizations in myriad industries to drop the provision of these benefits all together. If you are one of the millions of Americans who depends on the coverage provided by life insurance through your place of employ, this is the time to explore some external Life Insurance coverage options. Even in the instances where an employer may decide to continue offering Health and Life Insurance, it is prudent of you to take the following into consideration:

–          If you fall into a risk class that is considered low-risk, you will more likely be able to acquire more life insurance independently, at a reduced cost to yourself.

–          If you’re a family man or woman, you will need to assess their insurance needs too. Employers are notorious for providing the absolute minimum amount of coverage, and this doesn’t bode well for a family. Envision the stress your family will have to cope with in the event of your death or should you become disabled? What is your current job-provided insurance going to do for them?

–          Should you encounter a position in your life where you decide to change careers or jobs, if your new employer does not provide life insurance, what will you do? At the more advanced part of your life, you don’t want to have to choose between advancing your career and protecting yourself and your family.

Topics #health insurance #life insurance #obamacare