GROUP TERM LIFE INSURANCE
If you’re young and healthy, group term life insurance probably isn’t for you, asserts Robert Palidora, a financial consultant for AXA Advisors in Bala Cynwyd, Penn. “The price is based on the age of the group and the assumption is that one-third of the group is not healthy and that some smoke,” Palidora explains.
Individual life insurance is much more economical. One exception may be the group term life insurance coverage offered by some employers because the cost may be covered or supplemented by the company.
