Employee benefits are valuable but often do not cover you post-retirement, which is when you may need protection the most. Having a personal policy alongside your employer’s coverage can also increase your overall medical expense protection.

There is no "one-size-fits-all" policy. The right choice depends on your specific needs, such as health coverage, family security, or retirement stability. We recommend reviewing your financial goals and obligations—such as debt, income replacement, and future expenses—to identify the coverage that fits your lifestyle.

A common method is to use the "DIME" formula, which considers your Debt, Income (for the number of years your family needs protection), Mortgage, and Education costs for children. Alternatively, some use a rule of thumb by multiplying their annual salary by 10.

The three most common types are term life, whole life, and universal life. Term life generally offers lower premiums for a specific period, while permanent policies like whole or universal insurance may offer cash value benefits.

Yes, your insurance needs may evolve as your life changes—such as when you get married, have children, or upgrade your home. It is important to review your coverage periodically to ensure it remains sufficient for your growing family.

Always ensure you understand exactly what is covered and what is excluded. Be sure to provide complete and accurate information on your application and avoid signing until you have reviewed all terms carefully.

This is a specified timeframe (typically 10 days from delivery, or 30 days for mail-order policies) during which you can review your new policy. If you decide it does not meet your needs, you can return it for a refund of any premiums paid.

Policies often have a grace period (e.g., 30 days) during which you can pay your premium without losing coverage. However, you should always check the specific terms of your contract, as late payments may eventually lead to policy lapses depending on the regulations and agreement.