Not exact matches
Where it falls short: A travel accident
insurance policy in no way compares to a
life insurance or disability policy because it only
kicks in if you
die or are severely injured on that particular trip.
Companies are not required to offer their employees
life insurance, so if yours does be sure to take advantage of it; however, what some people fail to realize is that you need to be employed by the company when you
die for the death benefit to
kick in.
Life insurance kicks in when you
die:.
However, if you have a successful practice or business that can potentially be subjected to huge estate taxes upon your death, then you must opt to go for a permanent
insurance, or whole
life insurance that will
kick in action when you
die and provide a cash stream for the family to pay off the estate taxes and insure them against financial risk.