Is Group Life Insurance Enough?
You’ve done it — you’ve finally landed a job that offers amazing benefits such as free life insurance. While employer-offered life insurance (also called group life insurance) is worthwhile, it shouldn’t be your only source of insurance.
Many employers will offer a free level of life insurance for employees. Depending on your place of work, this can cover anywhere from $25,000 to your base pay. Since this is a free option, all employees should sign up for the benefit. It’s free money if something were to happen to you. However, don’t let that be your only coverage.
Our Life Insurance Specialists, Nate & Amanda, explain into further detail why you should not depend only on your employer-offered life insurance.