Maxine is a single mother with an entry-level management job. She needs to consider her child's future welfare if she should die before her child is self-supporting. Her child is now three years old. Maxine has learned that her company offers group life insurance and does so at the level of coverage most companies typically offer. Which of the following is the typical level of coverage?

Question

Quizplus · Accepted Answer

The typical level of coverage offered by companies for group life insurance is usually around one and one-half years of the employee's annual salary. This is a standard offering that provides a base level of financial protection for beneficiaries in the event of the employee's death.

Maxine Is a Single Mother with an Entry-Level Management Job