A group term life insurance policy offers life insurance coverage to all employees of a particular organization, or to any other group of people that apply for it. It covers unexpected death of an employee, and group term life insurance benefits are usually calculated based on employee’s lost income wages.

Offering group term life insurance is much more affordable for a company than offering individual life insurance policies for each employee. Considering how important it is to offer competitive benefits in order to attract best employees, group term life insurance is a great option for both employer and employee alike.

You slide your card, punch in a few numbers and your on your way. A few days later you notice that you don’t have your debit card and now instead of enjoying its convenience, you’re worried about how much in fraudulent charges you’ll be responsible for.

Debit cards have become extremely popular as plastic of choice for paying for many types of purchases. According to consumer experts more than 2/3rd of Americans have a debit card in their wallet and, in 2003, debit card purchases topped $1.48 trillion, outpacing credit card purchases by nearly $300 million.

The convince of sliding a card instead of writing a check has been a boon for retailers, but its also been a boon for debit card fraudsters and identity thieves. Last year American Bankers Association (ABA) reported that fraud involving debit cards cost banks nearly $51 million and many bankers believe that this is just tip of iceberg.

If you’re one of those people who prefer using your debit card instead of writing a check, then you need to know that you’re at risk of losing money every time you slide your card or present it to pay a bill. How much you can lose depends on type of card you carry and when you report loss or theft.

What’s your responsible for fraudulent charges on your card?

Since your debit card is tied to your checking or savings account, if it’s lost or stolen and someone else uses it, consequences could be financially devastating. The amount of fraudulent charges you could be responsible for depends on how quickly you report card lost or stolen to issuing bank. •If you determine that your card has been lost or stolen and report it to issuing bank within 2 days, of discovering loss, you’ll only be held responsible for up to $50 of fraudulent charges made on your card. •If you report card lost or stolen in 2 to 60 days, you can be responsible for up to $500 in fraudulent charges. •If you wait more than 60 days after receiving a bank statement that includes an unauthorized transfer, you can be held responsible for an unlimited amount of fraudulent charges on your card, but you will not be held responsible for any funds withdrawn after you notify your bank that card was lost or stolen. Debit cards with Master Card or Visa logo offer a higher level of protection for some consumers. Visa and Master Card have both placed a voluntary limit of $50 on debit cards bearing their logo where transactions are signature based.