Employee Insurance Benefits: Your Legal Rights

Life Insurance

Life insurance is a type of contract that is created between two parties; the insurer and the insurance holder. The agreement requires the insurance holder to pay some amount of money to the insurer over a period or at once, which should be compensated to designated persons after the policy holder’s death. It is commonly taken in old age or by people with chronic illness who are more prone to dying. Upon the death of these individuals, the beneficiaries legally get compensation from the insurance company of a certain amount of money depending on the premium paid by the late. The beneficiaries are likely to be family members such as spouses or children.

Limitations of the life insurance

These contracts are legalized by the law, especially in most Commonwealth countries. However, they also have some limitations upon which the insurer cannot compensate the beneficiary. During the signing of this contract, the insurance holder agrees that some types of deaths are not in the compensatory list such as; suicides, wars, riots and death sentences.

Types of life insurances

There are two main types of life insurances which have different terms and conditions. They include:

Investment policy

It is a permanent life insurance which is paid entirely either in large or small premiums. It is meant to serve as an investment to the beneficiaries and comes in handy during untimely deaths.

Protection policy

This was a standard legal policy in the past. It was meant to provide an assured compensation in some occurrences such as illnesses and old age.

Employees life insurance

Presently, most employers offer their employees with a life insurance cover as an additional benefit. In such situations, the employer must determine who should be offered such benefits and the best type of policy to opt for. “For instance, a group policy is more attractive as compared to an individual one due to lower rates” says Lynne Scheer from goldkeybenefits.com “It is also easier to offer such benefits to designated employees by considering factors such as; job group, marital status and length of service.” These benefits may be legally applicable in the case of accidents of employees in the course of duty. The beneficiaries listed by the employer receive their compensation in case of death. The beneficiary maybe one or more than one, however, all are compensated according to the contract. Life insurance for employees is a great idea for businesses looking to offer affordable benefits.

Benefits of life insurance

The benefits are treated more favourably without imposing tax incomes on them.

The amounts paid to the insurance company are flexible and can be increased or decreased any time depending on the amount of income.

The insurance legally ensures that beneficiaries lead a healthy life even after the death of their bread winners.

A life insurance cover served as both protection and savings which helps one satisfy their desires in life in their absence.

Disadvantages of life insurance

They are expensive- They require one to pay a premium for their entire lives until they die. It is considered as a basic requirement in the present day.

“Some of the insurance companies may illegally fail to compensate the beneficiaries by playing some tricks on them. It is thus important for one to read carefully through the policy before signing it.” Warns Gold Key Benefits. Some of the beneficiaries may misuse the compensatory funds given to them and use them contrary to the intended purpose.

Life insurance does not necessarily mean that one leaves a good life. The compensation is commensurate with the amount of money that was paid by the insured person.


Life insurance covers are good investments and saving plans for the life after death. However, they must be chosen carefully to ensure that they serve their intended use.

Why Do You Need An Experienced Personal Injury Lawyer?

experienced personal injury lawyer

There is nothing worse than finding yourself in a situation where you have been injured, and you do not know where to turn for the compensation that you deserve. You are sure to be faced with paperwork from doctors as well as inquiries from law enforcement officials and insurance. Depending upon the case at hand, you may not know what to give to who or who you should or should not be talking to. Whenever you find yourself injured in any accident, you will find all of the guidance and help that you need from an experienced personal injury attorney. These are some of the important things that you should be looking for.

Fee Schedule

There are a lot of personal injury lawyers that will work on what is known as a contingency fee basis which means that if you are not going to win your case, you are not going to be subject to attorney’s fees. You will still be responsible for some of the expenses that may not be directly related to the services that your attorney offers, including doctor fees that can be charged for being interviewed or reviewing all of your hospital records.

Look For Experience With Claim Assessment

A personal injury attorney is going to have to have expertise in some cases just like yours. You need someone who will be able to tell you right from the start whether or not it is even going to be worth it for you to pursue legal action for your injuries. After all, if you are unable to win your case, you should be able to know about this in advance so that you can cut out the chances of wasting your time and money while trying to prepare for court.

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A lot of lawyers will have their investigative team to look into the technical aspects of the case at hand. When it comes time to look into your case, all you will have to do is provide all of the pertinent information about the injuries that you have sustained and the details of the accident leading up the injuries.

Remaining Objective

Whenever you are involved in any court case stemming from an accident that left you injured and went through stress, it can be difficult to see the task at hand or the light at the end of the tunnel if you do not have a lawyer on your side. A good personal injury lawyer will be able to remain objective about your case without the worry about making a rash decision. While someone without representation may jump on a quick payout, your lawyer should be able to advise you to stick with it and wait for a more appropriate offer to come to the table.

When all is said and done, you will see that a professional personal injury attorney can be critical to your claim and make a huge difference in the outcome.