Is the life insurance my employer provides enough?

Share
More

Many employers offer life insurance as part of a benefits package. Usually it’s guaranteed-issue when first offered, and can be more affordable than market-rate policies for those who are older or in poor health. Whether this is enough protection for your needs depends on your unique financial situation. Also, employer coverage is only effective while you work there, so if and when you leave, you’ll lose that coverage or pay a much higher rate to convert it to individual coverage.

We recommend that you use our Insurance Checkup Tool to determine the correct amount of life insurance you should own for the current phase of your life, and to buy additional insurance if necessary.