Group Life Insurance – 3 things you need to know.
- It does not follow you wherever you go
- It normally reduces by 50% at age 65
- At Age 70 – it probably terminates or is reduced to a nominal amount, such as $5000.
In other words, it does not last forever. And if you need life insurance to last until your very last day, then you need something on your own. For more information about Group Life Insurance, or individual insurance, just contact me.