Chapter 10

Death and Disability Planning


In Chapter 9, you learned about the ways that plan loans can help partici­pants and their families deal with unforeseen emergencies. But, what if that unforeseen emergency is the premature death of the ­participant? This chapter will describe protections for the surviving spouse in particular.

Another common death-oriented protection is life insurance. Life insurance can be purchased within certain types of employer-sponsored plans, but there are limits on the amount of the benefit. This will also be described in this chapter.

What if the participant does not die prematurely, but instead becomes disabled? Some companies elect to provide benefits to help the participant and the family.

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