Are All Life Insurance Policies the Same? What’s the Difference? Life insurance comes in two main types: term and permanent. Term Policies: These are valid for a specified period, such as 20 or 30 years, or based on your employment term. Term policies are typically affordable and provide substantial coverage. If you outlive the term, no benefit is paid. The University … [Read more...] about Benefit Spotlight: Life Insurance
Open enrollment: Now through Dec. 1 This is your chance to review and make changes to your health insurance and other benefits for the upcoming year. Open enrollment information Virtual Benefits Fair: Missouri State University is excited to bring you another Virtual Benefits Fair, powered by Airbo, for 2024. You’ll be able to learn about 2025 benefits and open enrollment … [Read more...] about Open Enrollment and Virtual Benefits Fair
Pre-existing Conditions in insurance outside of health coverage: Pre-existing Conditions: Refers to conditions or circumstances that existed before the insurance policy was purchased. Pre-existing conditions present unique considerations across insurance types. In life insurance, they could encompass a terminal illness diagnosed before obtaining the policy, while in … [Read more...] about Pre-existing Conditions: Insurance Insights
June 28 marks National Insurance Awareness Day, urging a thorough review of your insurance coverage to avoid being underinsured. Insurance provides essential security for loved ones and aids in recovering losses from damage, illness, or death. While insurance doesn't cover everything, it significantly alleviates financial burdens during crises. Remember to assess policies … [Read more...] about Know your Policies!
Are all life insurance policies the same? What’s the difference? There are different types of life insurance policies, and they fall into two main categories: term and permanent. Term policies– Like the name implies are good for a set period (term) of time. On the open market, these policies are usually purchased in 20- or 30-year term periods, and those provided by … [Read more...] about Benefit Spotlight: Life insurance