fbpx Skip to content

Open Enrollment

The Importance of Open Enrollment

The only constant in life is change. That is why the “Open Enrollment” period for insurance is so important. It allows you not only to renew your insurance, but also to adjust your coverage. When we first sign up for life insurance with our company, we have certain circumstances that determine our choices. As life goes on, our situation evolves. We might become married or have a child. Additionally, we could take on new dependents. Any of these situations will affect our life insurance needs. Luckily, when Open Enrollment starts, you can make changes for the upcoming calendar year. Open Enrollment is different across companies, but it generally lasts from October to January. The changes will then take effect and you will have life insurance coverage moving forward.  

Employer Life Insurance

As a single person, you may have not thought much about insuring your life. Then, once you have a spouse or a child, you start thinking about the future. New additions to your family might cause you to plan for them to receive benefits upon your death. Many employers will offer you the option to secure basic life insurance and accidental death insurance. This can be especially important in high-risk jobs. Also, if you are someone who takes a lot of risks by doing extreme sports and driving over the speed limit. Make sure you consider all of the variables when making your life insurance choices during Open Enrollment. Remember, it is better to be safe than sorry. Also, most employers offer very cost-effective options that will probably only require minimal monthly deductions from your paycheck.

The Takeaway

In conclusion, pay attention to communication from your employer about the open enrollment period. Be proactive about making changes and opt for the maximum amount of coverage for the most reasonable price. You will never regret planning ahead. Your family will thank you for considering them.    


Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

1 Comment

  1. furtdsolinopv on October 28, 2018 at 10:31 am

    I believe other website proprietors should take this web site as an model, very clean and wonderful user genial style.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Save on Car Insurance: Top 5 Ways to Secure a Cost-Effective Auto Policy

October 17, 2019

We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…

Read More

All Risk Home Insurance Coverage: It’s a Risky Business to Go Without

October 15, 2019

We have all heard the horror stories about people not buying specific insurance coverage and then losing their homes to a tragedy. After an earthquake in California, our neighborhood chat…

Read More

Gap Coverage 101: What You Need to Know About Health Insurance

August 22, 2019

Mind the Gap There are several situations in life that cause people to either change their health insurance, end their health insurance, or have a gap in coverage. I recently…

Read More

Motorcycle Insurance 101: First Time Riders

August 13, 2019

The Cool Commuter When you think of motorcycles, a few things come to mind. Typically, they are thoughts related to the Sons of Anarchy. However, there are actually a lot…

Read More

Could a Hybrid be the Answer to Your Commuter Blues?

August 13, 2019

If you are a commuter that drives into work or school daily, then you may have noticed that there are more cars on the road than ever before. Big cities…

Read More

Small Business Insurance 101: Construction

August 3, 2019

Construction and Insurance Home improvement is a trend that looks like it is here to stay in the US. With shows like Fixer Upper and Love it or List it,…

Read More

Road Trip and Car Insurance: Being Prepared

July 20, 2019

Road Trip Preparation Summer vacation is something that we look forward to all year. Here at Insuravita, we know that nothing ruins vacations like an unexpected insurance mishap. One of…

Read More

Average Costs of Teen Drivers: Teenagers and Auto Insurance

June 5, 2019

It is stressful to be a teenager and stressful to raise a teenager. And everything changes at age sixteen. Suddenly, teenagers are learning to drive and there are so many…

Read More
Scroll To Top
%d bloggers like this: