How does universal life insurance work if it’s offered through your company?

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Life Insurance

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So my company offers universal life insurance as a benefit and I was thinking of buying a policy. My understanding is that this policy is mine until I die — right? So what happens when I leave the company? Be it quitting, moving on, retiring? Do I still have access to pay the premium or do I lose it? Do premiums go up when it is no longer company subsidized? Does that make it similar to a term policy?

The time to pick/change my benefits is next month and not sure on this — want to organize my thoughts with best practices so I’m informed when I ask HR. Thank you!

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undergroundmusic69

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Posted: 2 years ago
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