What does Salary Savings Insurance mean? Read on to discover the definition & meaning of the term Salary Savings Insurance - to help you better understand the language used in insurance policies.
Salary Savings Insurance
Salary savings insurance is a type of life insurance in which an employer takes part of an employee's salary and uses it to pay for that employee's life insurance premiums. In other words, salary savings insurance involves an employer helping an employee get life insurance by using a cut of their pay to fund the policy.
We hope the you have a better understanding of the meaning of Salary Savings Insurance.