COVERAGE BASICS
Is life insurance through work enough for my family?
Employer life insurance can be useful, but the amount, eligibility and ability to keep it after leaving a job depend on the plan. Compare those terms with your family’s needs before deciding whether additional coverage makes sense.
Start with the benefit details
Check the coverage amount, beneficiary designation and whether your coverage ends or changes when employment ends.
Compare coverage with your responsibilities
Consider the mortgage, dependents, other debts, existing savings and available coverage. These are planning inputs, not a personal coverage recommendation.
Review before replacing coverage
An individual policy may have different underwriting, costs and exclusions. Do not cancel existing coverage before reviewing the effect and confirming any replacement coverage is in force.