How To Calculate Group Term Life Insurance?

  1. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    Calculating Group Term Life Insurance is best done using the illustration systems which your Agent/Broker has access to or call the insurance company themselves.  The upside to Group Life Insurance is the "free" coverage or the additional coverage you get for pennies on the dollar.  The downside is that usually they do not follow you when you leave your employment.  There are some exceptions so I recommend you talk to your HR rep.
    Answered on April 8, 2014
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