As a parent, wanting to make things easier for your adult child is probably your first response, especially if you know that he or she has been having a tough time lately. Unfortunately, some of the ways you might want to help could actually become very problematic down the road for everyone involved, including the insurance company. The following examples are common situations that you should avoid participating in whenever possible.
Your Adult Child Buys Or Is Given Your Car.
Voluntary benefits are a type of insurance that is organized by an employer but is paid for in its entirety by employees. Employees do not have to sign up for these benefits but are welcome to do so if they so choose. When you talk to your employer about what kinds of voluntary benefits the company offers, he or she may give you a list of several different benefits. You probably won't have the financial means or the desire to pay for all of them, but some of them are highly important.