If you are employed you may have some group life insurance coverage through your employer-provided benefits plan.
But, why would you need your own, individual life insurance policy separate from the coverage you have through your job?
Well, there are several very good reasons to consider buying your own personal life insurance policy.
For instance, what would happen if you lost your job, the company went out of business, or you left your current employer?
Your life insurance from a group plan at work does not leave and go with you, you would be left without that group term life insurance coverage.
And, what if you now have a health issue that makes you uninsurable, or makes the cost of buying your own policy unaffordable?
You may end up without life insurance when you have the greatest need - when you have a spouse, a home and children.
To learn more, please read this article -
Why Buy Life Insurance Outside of Work?
