Employer-provided life insurance has become quite common in the workplace; it provides the employee's family with additional income should the unthinkable happen - a premature death. Many believe that with employer-provided life insurance, the need for a supplemental policy disappears, but this working benefit has some important limitations:
- You don’t get to choose the type of policy you’ll have.
- Likely less coverage than you need.
- If you leave your job, you leave your plan behind too.
Does your family have the coverage they need? Find out more about employer-provided life insurance and how to assess your needs.