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Employee FAQ for those who have company funded life insurance

  • No. While employed your company is funding this benefit for you. In some cases, the company may also cover the taxes so there may be no out-of-pocket cost to you. If any contribution is ever optional, it will be clearly explained in advance.

  • This benefit is in your name and belongs to you. If you leave, the company is simply no longer required to contribute. You keep the benefit and can decide how you want to continue it, if at all.

  • This is designed as a long-term, conservative benefit, not a short-term decision. It is structured for stability and longevity rather than market speculation. We are here to help ensure you always understand how it works before moving forward.

  • No. This is not something you need to actively manage or track day to day. Legacy as a Benefit® handles the setup, education, and ongoing support. You’ll receive updates and clarity without complexity. 

  • This benefit is typically offered to individuals the company wants to attract, retain, and invest in long term. It can be a signal of trust and commitment, not just compensation. Your company is choosing to invest in your future, not just your role.

  • Nothing changes. This benefit is optional and designed to empower you, not pressure you. You can always revisit the opportunity later if your circumstances or goals change.

  • Yes. Participation is completely your choice. Saying no will not impact your current compensation or role. This benefit exists to help support you, not obligate you.

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