Wednesday, August 3, 2016

What if I already have Life Insurance through my Employer?


Life insurance is offered as a benefit by some employers and is often known as employer prodded group term life insurance.

Make sure a potential payout from your employer provided life insurance would provide the necessary amount of coverage your dependants need and remember that, if you leave or lose the job, the employer provided life insurance protection will end.

That's why it is so important to purchase your own individual life insurance policy separate from the coverage provided by your job.

If you do lose your job or leave your employment, you will keep your own individual life insurance policy which can help guarantee your family financial security in case you pass away.

Learn about the benefits of term life insurance

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