Company Life Insurance Coverage: Is It Enough?
If your employer offers group life insurance as a benefit, that’s a nice perk − especially if you have no other coverage. But when deciding whether to obtain individual life insurance, and how much protection you need, there are many important factors to consider, including:
- Do other people rely on you financially now, or will they in the future?
- How much income must be replaced in the event of your death?
- Would someone else have to pay your funeral expenses or outstanding debts?
- What are your long-term financial goals?
Make sure you have all of the information and numbers you need to make the best decisions for you and your loved ones.