Florida Among States Cutting Benefits for Government Employees

Florida Among States Cutting Benefits for Government Employees

New budget cuts in the state of Florida have eliminated or trimmed benefits for more than 1,800 state employees.

The cuts, which were part of a bill designed to save the state $70 billion, eliminated free health insurance for state employees, and also capped the amount they can receive in life insurance benefits, according to a report in the Fort Myers News-Press.

risky life insurance moves

Forgoing Individual Life Insurance Is An Unnecessarily Risky Move – Don’t Do It

As more families continue to struggle to pay bills, the number of those choosing to forgo individual life insurance has increased. The Trends in Life Insurance Ownership study by LIMRA reveals that less than half of American households have life insurance.

When paying bills is difficult, it may seem like paying for life insurance isn’t a necessity. However, those who are just getting by may be the ones that need life insurance the most. If something were to happen to the breadwinner in a family, many would not be able to make ends meet.