päätermillä

Päätermillä refers to a type of term life insurance that is provided by the employer to their employees. In Finland, where päätermi is commonly used, it is a popular benefit offered to employees as part of their employment package.

The term insurance is usually purchased by the employer from an insurance company on behalf of the employee, and the coverage is typically in place for a fixed period, usually 1-10 years. As long as the employee is employed and their salary is paid, the employer pays the premium of the insurance. If the employee leaves the company or becomes unemployed, they are no longer covered by the term insurance.

The purpose of päätermi is to provide life insurance coverage to employees, often on a pro rata basis, meaning the coverage amount is tied to the employee's salary. The coverage amount is usually a percentage of the employee's gross salary. This can be beneficial for the employee and their family, as it can provide a financial safety net in case of the employee's unexpected death, especially in cases where the employee is the primary breadwinner.

The rules and regulations surrounding päätermi can vary between companies, but generally, it is a valuable benefit for employees. It is also considered an important part of many Finnish employers' total reward strategy, as it helps to attract and retain talented staff.