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An analysis of employee insurance programs

This week you are required to conduct research into the different types of insurance programs that might be available in an organizations compensation & benefits package. Please define and discuss the advantages of term life insurance, universal whole life insurance, accidental death & dismemberment, and long and short term disability insurance.

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Term life insurance is a form of life insurance that provides coverage for a limited time,and at set payment rates. One of the tremendous benefits of term life insurance, is the fact that it is the most inexpensive methodology by which to obtain a very reasonable and adequate level of life insurance coverage. This is due to the fact that this form of coverage provides an individual with the greatest amount of death coverage for each dollar that is spent in premium payments. This is a very important advantage, due to the fact that it provides the means by which individuals of modest incomes can obtain an adequate level of coverage and death benefits that will help to provide financial security for their families in the event of their death. In addition, the individual that purchases this type of coverage does not have to worry about the payments that he or she is making changing within the term of the life insurance coverage. This is also a tremendous benefit or advantage of this form of life insurance coverage, due to the fact that this provides a means by which an individual can establish a stable budget based upon the payment amount that they are required to pay during their coverage terms, and not have the anxiety that accompanies situations in which an individual's payment amounts and or coverage terms may change without ...

Solution Summary

This solution provides an analysis of differing types of employee insurance programs.