Our company only gives life insurance to employees who have been with us for more than a year, and the policy is co-terminus with the person's employment.
Well group life insurance is much less expensive than getting insurance for each person. Our company also have life insurance, but we tied it a pension arrangement, so it's not a stand alone thing.
Our key personnel also have critical illness insurance that is tied to life insurance. So if you become a manager, you won't have to worry about getting gravely ill.
That's a good benefit, but I think the company would also do well if its key people could easily get treated if they have a critical illness. But admittedly this is expensive!
Life insurance is a best policy for keeping your family future secure with financial resources..Because nobody knows that when he will die...So people have to go for life insurance policy if they love their kids and family...