Is Life Insurance At Work Enough?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    The group Life Insurance offered through work is usually not portable, meaning that when you quit or leave the company you lose the insurance, it does not go with you.  Some plans will allow you to convert a portion when you retire but the rate will be very high in most cases.  I recommend having insurance other than your group plan.
    Answered on June 7, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Besides not being able to take your policy with you when you leave, most businesses offer employees only one to two times their annual income in group life insurance, and this is not enough coverage for most people. Group life insurance also does not have all the options that private policies can give you. 
    Answered on June 7, 2013
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