Does whole life insurance provide better long-term estate planning than term life?

Direct answer

It depends on the industry risk classification of your employees and your company’s total annual payroll, as Texas is a non-compulsory state for most private employers.

Texas Department of Insurance workers’ compensation compliance guidelines. For additional information about compliance and employer requirements, see the Texas Department of Insurance‘s workers’ compensation guidelines.


What this means for you

It depends on the industry risk classification of your employees and your company’s total annual payroll, as Texas is a non-compulsory state for most private employers.

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