Life insurance remains one of the best investments you can make for your family as a postal employee. Many people assume life insurance is complicated and expensive, but nothing could be further from the truth.
Rather than consider life insurance an expense, think about what your loved ones would go through if they lost you.
Since postal employees often get only basic coverage, Postal Life and Disability Plans offer life insurance for postal employees.
Benefits of Life Insurance
Upon your death, consider whether your spouse, children, parents, or other family members would be able to pay rent, utilities, school fees, and other costs. How about your funeral, cremation, or burial costs which could run into thousands of dollars?
At a time of great emotional distress, financial concerns can get overwhelming. This is especially true if your loved ones have to move, make significant lifestyle adjustments, or re-enter the workforce.
Overall, life insurance helps keep your loved ones from having to tackle huge financial issues when they may be least equipped to do so.
Both employees and employers benefit from life insurance policies.
A life insurance policy can help an employee’s family with the following:
- Replacing lost income
- Paying college fees
- Paying medical and funeral costs
- Protecting retirement plans
- Paying off a mortgage and other debts
With a life insurance policy, you can rest easy knowing your loved ones will be cared for when you’re no longer there. Insurers pay the benefits directly to the beneficiaries so they can use the funds according to their preferences.
Employers and HR professionals can leverage life insurance to:
- Provide benefits that help attract and retain high-performing talent
- Manage the rising costs of coverage through optional insurance and potential savings plans
Many employers offer basic life insurance to their employees as part of the perks of employment. Such basic insurance policies typically feature basic coverage.
Most federal employees, federal workers, and federal retirees have basic life insurance coverage based on their annual rate of pay.
Life Insurance for Postal Employees
Postal Life and Disability Plans offer a unique life insurance program for full or part-time postal employees looking for secure life insurance.
The program has a simple application process and provides coverage to postal employees as well as their families.
Regardless of where you are in life, you can get life insurance coverage that fits you and your family’s needs. While life insurance typically pays a benefit to the deceased in the event of death, certain types of coverage build cash value over time.
- Coverage up to $50,000 on the employee and up to $10,000 on the spouse and children below 26 years old
- Our life insurance for postal employees is covered by a company that has existed for over 150 years
- You can bring it with you into retirement
- Build cash value
- Rates stay locked in for a lifetime
- Automatic payroll deductions of premiums
Find coverage that fits, and you’re approved. The entire process takes just about five minutes. Contact us for more information.