How long can I keep this coverage?
Unlike employer-based coverage, this coverage is portable--which means that if you change jobs, your coverage does not terminate -- as long as you remain an NJCPA member.
How much coverage should I request?
This is the most important question you could ask. Many experts recommend that you have five times your annual salary to help ensure your family’s financial responsibility is covered. However, every person’s need is different and this estimate isn’t always feasible. Calculate your coverage needs to find the right coverage to meet your needs and your budget.
What happens if I become totally disabled?
The Group Term Life policy includes a Waiver of Premium clause. This insured-friendly feature is built directly into the coverage to keep you insured even if you become disabled(subject to certain terms & conditions).
Do I really need life insurance when I’m young?
Life insurance isn’t just for older generations. As you reach important milestones—like graduating, buying a home, getting married, or having children—it is important to consider how your responsibilities change with each event. Many of these milestones occur while you’re young, so considering life insurance may not be a decision reserved for later in life. Thanks to the group purchasing power of the NJCPA, it may be more affordable than you realize.
Have more questions?
For more information on this coverage – features, costs, eligibility, renewability, limitations and exclusions – please download the brochure to the right or contact an NJCPA insurance specialist.