Ready For Open Enrollment? How To Pick 5 Benefits Besides Health Care

Open enrollment often involves a lot of terms outside of the standard health insurance. Here are some other common insurance and investment benefits that come up during open enrollment and how to consider each category.

Term Life Insurance

Term life insurance is designed to pay a tax-free death benefit out to your chosen beneficiary if you die while employed at your company. Oftentimes, an amount of money up to some multiple of your salary may be available at no or low cost to you.