Why Buy Supplemental Life Insurance?

Supplemental life insurance is usually an option of life insurance coverage available through your employer provided benefit program.

Usually, you employer would provide a basic amount of life insurance (up to 1-2 times your annual salary) at no cost to the employee.

However, this amount of life insurance protection may jot be enough to adequately protect your family.

In that case, you may want to add supplemental life insurance to your employer provided plan, which would mean you would pay the added cost for the supplemental coverage.

Or, you could purchase an individual life insurance policy outside of work, which you keep should you ever leave your current employer.

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