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Life insurance can be a great motivational for the employees to work harder. Life insurance is an agreement between an insurance company and a policy holder. If the policy holder passes away their family members receive cash pay out from the insurance company.
Employers can use a life insurance policy to encourage workers to accept a job, and to be motived in the workplace. The best way to ensure this is by the employer purchasing a life insurance policy with a significant pay out on behalf of his employees.
For instance, a start up which cannot afford to pay an above market salary to its employees can offer them a free life insurance policy. The employee would know that as long as he continues to work at the company his beneficiaries would be protected.
Term life insurance is significantly cheaper than whole life insurance, and can offer death benefits of as high as $1,000,000 for as little as $20 a month.
posted by renaa
@ 7:43 PM
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