Tips For Selecting Your Benefits This Open Enrollment Season

Open enrollment often involves a lot of terms outside of the standard health insurance. In this article, I will walk through some common insurance (excluding health 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 pass away while employed at your company. Oftentimes, a benefit up to some multiple of your salary may be available at no or low cost to you.