Do you understand the basics of life insurance and how much coverage you may need? This Article, provided by Corebridge Financial (Formally AIG), one of the University’s 403b providers, will help you review your life insurance needs. MSU offers a choice to ensure your life insurance coverage meets your family needs: Term Life, Accidental death and dismemberment … [Read more...] about Understand your life insurance needs
Do you know and understand your Policies? National Insurance Awareness Day, held annually on June 28 is a day designed to be a reminder to review your insurance policies and to take steps to prevent being underinsured. Insurance offers security, covering loved ones, and recovering losses in the event of damage, illness, or death. While insurance doesn’t cover everything, it … [Read more...] about National Insurance Awareness Day – June 28
What Is a Beneficiary? A beneficiary is a person (or entity) who is designated to receive the benefits of property owned by someone else. A beneficiary can be designated in the documents relating to a life insurance policy, a retirement account, a brokerage account, a bank account, and other financial products. It's important to designate beneficiaries for your … [Read more...] about Naming a beneficiary: Are yours updated?
Please take some time to review and update your personal information on record, as well as check your January pay statement to ensure accuracy of your benefit elections. Please review the following: Personal Information: Name Home/ Mailing addresses Phone numbers Benefits: Current Benefit elections/coverage Wellness incentive Flexible spending … [Read more...] about Reminder: Check Your Personal Information and Pay Statement Deductions for Accuracy
Are all life insurance policies the same? 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 employers are based on term of … [Read more...] about Life insurance- What’s the difference?