Temporary & Permanent Solutions
Group plans are often limited in coverage amounts, typically offering only one or two times your salary. This may not be enough to address mortgages, education costs, or long-term care needs.
Employer plans may not adequately address your family's true financial needs, including mortgage payments, children's education expenses, and potential long-term care requirements.
Group insurance policies are tied to your employment. If you leave your job, get laid off, or retire, you may lose your coverage altogether - exactly when you might need it most.
Life Gateway partners with over 40 insurance providers to help you find personalized policies that provide the protection your family truly needs.
As a public sector employee, you likely have some employer-provided life and disability insurance. However, these group plans often provide insufficient coverage for your family's actual needs. Understanding the gaps is the first step to adequate protection.
A common rule of thumb is 10-12 times your annual salary, but your actual needs depend on several factors:
Your ability to earn an income is your most valuable asset. Statistically, you're more likely to become disabled than to die prematurely during your working years. Yet many educators and public employees lack adequate disability coverage.
Short-Term Disability
Provides income replacement for temporary disabilities lasting weeks to months. Typically covers 60-70% of your salary for 3-6 months.
Long-Term Disability
Critical protection if you become unable to work for an extended period. Can provide benefits until retirement age, ensuring you can still save and maintain your lifestyle.
Many group disability plans have limitations such as limited benefit periods, restrictive definitions of disability, and coverage that ends if you leave your employer. Individual policies provide portable protection that stays with you throughout your career.
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