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  • diane357

I Have Life Insurance Through Work. Isn’t That Enough?

Picture this: You land an exciting new job with great benefits: vacation time, health insurance, 401(k)… even free lunch once a week!


They offer group life insurance, too – two times your annual salary. That sounds like a lot, right? In many cases, it might not stretch as far as you think.


Let’s say you make $50,000 per year. A benefit of $100,000 can make a big difference to your family – for a while. But through the years, could it really go the distance to pay for expenses and reflect the legacy you want to leave for your family? Think about how far $100,000 could go to pay for these common needs over time:

  • Private student loan debt

  • Mortgage or rent payments

  • Utilities, groceries and other costs of living

  • Healthcare

  • Childcare expenses

  • Charitable giving

Life insurance is, by its very nature, a deeply personal financial decision. When you rely exclusively on group coverage through work, you miss the opportunity to personalize your coverage based on your specific needs. Here’s why that matters.


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