In the event that an accident results in significant injuries or death, it might be a cost-effective option to increase your life insurance or medical coverage.

This one covers anything you might have with an employer. Yourself and coworkers are covered with a certificate of insurance stating you're insured, and the employer has one master contract totally under their control. They can switch firms at any time.

Unless the policy changes, your payment and coverage remains the same for the duration of the insurance. This is consistent whether the policy expires the day before it does or on the day the insured passes away.

A form of permanent life insurance policy with an investment option. The component of your insurance that accrues interest and could possibly be eligible to borrow against or withdraw in an emergency.