03/09/2015
Use this quick reference guide to gain a better understanding of group vs. individual life insurance. Look at your paystub or speak with your employer to find out how much you are paying for your group life insurance and then contact us so that we may design you a more comprehensive and cost-effective individual policy.
| INDIVIDUAL | GROUP | |
| Guaranteed premiums – | Term life: Yes for a defined period | No |
| Whole life: Yes | ||
| Universal life: No | ||
| Face Amount Limited – | Yes. Can exceed group limit | Yes |
| Health-Based Pricing – | Yes. Healthy pay less | No |
| Cash Value Potential – | Yes | No |
| Portability – | Yes | No |