Life Insurance Awareness Month (LIAM) is in September – a month devoted to public education and awareness on the need and impact of Life Insurance. Continue reading
For over 65 years, Compass Rose Benefits Group (CRBG) has provided affordable insurance solutions to members and their families—offering peace-of-mind, no matter what direction life takes them. CRBG strives to not only protect its members, but also inform them on why insurance is so important in their daily lives.
In recognition of Insurance Awareness Day, we have created a two-part segment for our readers. In this first segment, let’s chat and chew about how health, life, and accident insurance can serve as a lifeline for your loved ones in the event of sickness, injury or loss.
Contrary to many beliefs, our cell phones carry more germs than a toilet seat. That finding alone should convince everyone of the importance of health insurance—even if you are in good health! The fact is, since we likely won’t do away with our cell phones, we are constantly at risk of being exposed to harmful bacteria. That’s just one example though—realistically, we probably need to be more worried about losing service than falling ill from using our phones.
However, there are thousands of other ways you might end up in the doctor’s office or hospital, and while the cost of basic care can quickly add up, the price tag for major illness or injury can be catastrophic. Whether you’re suffering from a head cold or chronic illness, good health insurance gives you the freedom to seek medical care without the overwhelming devastation of high medical bills and/or mediocre treatment options. The bottom line is, you never know when you or someone in your family might have an accident or get sick. When a broken bone could run you anywhere from $2,500 to $3,500 to fix, why chance it?
Explore what the Compass Rose Health Plan has to offer you and your family! Our coverage is available for Active and Retired Federal employees of the Intelligence Community, Department of State, and Department of Defense. With the right plan, you can rest easy knowing any ‘what if’ moments are covered. Learn more at www.compassrosebenefits.com.
While the topic of life insurance doesn’t make for good dinnertime conversation, it is extremely important to discuss. Simply put, life insurance isn’t meant for you—it is for those you leave behind. In life, you work hard to make sure you can provide for, protect, and pave the way for your loved ones; however, in the event you’re unable to fill that role – whether it’s due to sickness, injury or loss – life insurance gives surviving dependents the financial freedom to continue down the path you started.
At Compass Rose Benefits Group, we know the importance of protecting what’s most important, and we stand by our commitment to provide members with exceptional coverage! Our Group Term Life Insurance Plan through New York Life Insurance Company not only offers worldwide coverage for Acts of War and Terrorism, it has up to $500,000 of Term Life Protection with no salary limitations, and up to $100,000 of Spouse Protection available as well. Coverage is available for ALL Active Federal government employees. Learn more about all the great benefits of our plan, or apply with our NEW online application, at www.compassrosebenefits.com/Life.
Accidents can happen at any time and often when you least expect them – every 2 seconds at home, every 6 seconds at work, and every 9 seconds on the road.(1) You can’t plan for accidents, but you can be better prepared financially to handle them when they happen. In 2010, 37.9 million people—1 in 8 Americans—received medical attention for a nonfatal injury, and roughly 67 percent of all emergency room visits are the result of unintentional injuries.(1) At an average cost of $1,318 per visit,(3) it’s easy to see why having accident coverage makes good financial sense.
Recovering from an accident can be just as painful as it is expensive. This is why Compass Rose Benefits Group offers members Accident Protection, underwritten by Nationwide Life Insurance Company, designed to provide financial peace-of-mind against the risk of injuries or accidental death. Coverage is extended for business and leisure, even if injury or death is sustained through an Act of War and Terrorism, anywhere in the world. This product is ideal for those going overseas on assignment. Learn more at www.compassrosebenefits.com/Accident.
It doesn’t take more than one unexpected circumstance to derail your journey, which is why it’s important to be prepared. No matter where you are in life, there’s always a way to increase protection for you and your loved ones. When things go wrong, feel relieved knowing you can deal with the issue head on and worry-free. While insurance can be seen as a necessary evil, you’ll be thankful if the time comes when it saves the day!
- 1 National Safety Council, Injury Facts, 2012 Edition.
- 2 American Hospital Association Resource Center, April 2012.
- 3 Caldwell, N., Srebotnjak, T., Wang, T. et al. “’How Much Will I Get Charged for This?’ Patient Charges for Top Ten Diagnoses in the Emergency Department.” PLOS ONE. (February 27, 2013). Accessed March 2015.
Despite how Valentine’s Day has turned into a commercial holiday—we know card stores make a killing—not all hope is lost. There are many ways you can show someone how much you love them that doesn’t involve big bouquets of roses and chocolates. One way is life insurance. Unlike the roses that eventually dry out and get thrown away, life insurance sticks around for far longer and does much more to help protect the ones you love.
So, in the spirit of Valentine’s Day, let’s chat and chew about the top reasons you should consider life insurance.
You just never know. Although it’s not pleasant to think about, you can pass away suddenly at any time; it could happen in an accident driving home from work, unexpected illness, or even natural causes. If you’re not around, life insurance gives your loved ones the ability to help pay the mortgage, bills, college costs, even smaller things like the groceries. While you can’t be replaced in their hearts, planning ahead does make it easier on the ones you leave behind.
Funerals are not cheap. In some cases, funerals can cost upwards of $7,000-$10,000 – and these are average costs, not extravagant funeral services. When already faced with a difficult and very emotional situation, life insurance can help take the financial burden off your family, which greatly decreases stress as well.
Death doesn’t mean debt. Debt can take a toll on any relationship – whether you’re dead or alive. In the event something tragic happens, life insurance can help cover any debts you personally left behind.
It covers your business. Life insurance isn’t just for individuals—your coverage amount can be put toward a business you might own. It can help protect your business from financial loss, liabilities, or instabilities in the event of a business owner/partner’s death. Don’t let something you put your life’s savings and years of hard work into crumble overnight. Prepare ahead of time with life insurance.
Plain and simple, it provides peace-of-mind. With all the uncertainties in life, especially for those who travel overseas, life insurance is a necessary back-up plan. As much as we wish we could predict the future, we can’t. All we can do is prepare for it.
At Compass Rose Benefits Group, we offer Group Term Life Insurance through New York Life Insurance Company*. With up to $500,000 in coverage and protection for Acts of War and Terrorism, our members can rest easy knowing their loved ones are protected. For more information, about the plans features, costs, eligibility renewability, exclusions and limitations, visit www.compassrosebenefits.com/Life.
Insure your love this Valentine’s Day—purchase life insurance and show the ones you love the most how much they mean to you! After all, it’s the gift that keeps on giving!
*(NY, NY 10010) on policy Form GMR-ER-P