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Reach out to our team to better understand the full costs and benefits of life insurance and start planning for your family’s financial future. We will look at your overall financial profile to help you determine how much life insurance is desirable so you don’t overspend or underspend on this often-critical asset. The answer is different for everyone based on their unique needs. It’s crucial to consider all financial aspects for your surviving family, including outstanding debt, mortgages, college expenses, and other costs.Īt Brighton Jones, our planning approach easily answers the question of “How much?” through the cash needs analysis.
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How to Determine How Much Life Insurance You Needĭetermining life insurance needs is a function of looking at replacing income from the earner over a specific amount of time. But deciding how much (if any) you need beyond the basic benefits depends on your unique situation. Naturally, taking the life insurance that Amazon pays for is a no-brainer. What’s more, you will have your pick of the most highly-rated companies. This is often cheaper compared to purchasing separate policies.
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The Complete Guide to Amazon Corporate Benefits.The Best Ways to Leverage Your Charitable Giving.Tax Implications of Restricted Stock Units (RSUs).Any benefits over $750,000 may require medical underwriting. Age is the primary factor in determining the policy cost. You cover the cost of the policy, which can be 1-10x your salary, with a $2 million maximum. The second is a supplemental policy that allows you to add life insurance to the basic policy. The basic coverage equals two times your regular salary, up to $500,000. The first is a basic policy paid directly by Amazon at no cost to you. What Are Amazon’s Life Insurance Benefits?Īs part of the Amazon corporate benefits package, employees receive two types of life insurance. It’s up to you to decide how to use this benefit to your greatest advantage. The beneficiary of your policy receives a payout when you die, which they can use to pay for funeral costs, outstanding debt, or even stash it in the bank.Īs an Amazon employee, you have life insurance benefits available to you. The purpose of your life insurance is to provide for your family, which depends on you for financial support. Most people don’t like to think about it, but one day, life insurance might be something your family will be glad you have. NEW: The Complete Guide to Amazon Corporate Benefits

A review of Amazon’s life insurance benefits and how much you really need
