Small Business Life Insurance
There are several types of Small Business Life Insurance. The most affordable types are "term" policies, which require low premiums but only cover you for a limited time. Term policies may be 20 or 30 years long. Most Small Business Life Insurance policies are sold as a group plan, and are less expensive than purchasing individual policies. If your company pays the entire cost of the policy, employees are automatically covered, and you can choose to offer them additional coverage if you wish.
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