I assume you are referring to why buy individual insurance when you have group insurance.
One reason would be ownership. With group insurance if you leave your employer you loose the coverage. You will probably have the option to convert part or all without medical evidence to specific plan at a much higher cost. With your individual plan, you are in control and can take it with you.
Your employer could cancel or make changes to the group plan without your consent.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
President, Lane Independent Agency, Southern California
Because you want to own it. Keep it. Not lose it when you either retire, quit or are fired. It is yours and is "transportable". It allows you to select from the vast variety of policies available on the open market. The choices are all yours when you select it yourself, outside of work. Thank you. GARY LANE.
The biggest reason to buy life insurance outside of work is so that you do not lose the life insurance when you leave your place of employment. That is not to say that you should not take advantage of the life insurance offered by your employer. It's just a good idea to supplement your group coverage it with a private plan, so that you will be sure to have protection even if death occurs long after you retire, leave that job, or go on Disability.
.JPG){kind=avatar}
One reason would be ownership. With group insurance if you leave your employer you loose the coverage. You will probably have the option to convert part or all without medical evidence to specific plan at a much higher cost. With your individual plan, you are in control and can take it with you.
Your employer could cancel or make changes to the group plan without your consent.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.