Not necessarily! Many workers are offered some form of group life insurance. But depending only on the life insurance benefits that come with employment can leave you underinsured. It also leaves you without life insurance coverage when you leave your job.
Individual life insurance coverage, unlike employer-provided life insurance, is controlled by you, not your employer. You choose the type of life insurance, the coverage amount and any optional extra coverage.
In some cases, it makes sense to purchase individual life insurance coverage from a reputable insurance agency in addition to taking the life insurance you’re offered at work. In other cases, it may make sense to buy only an individual policy. Which option is right for you and your family? How much life insurance coverage do you need? We’re happy to review your insurance needs and help you make the right decision for you and your family.