Today I want to talk about one benefit, which is Life Insurance, that many do get, but the question for discussion is whether you get enough and if Group Life Insurance is the best option.
Typical benefit for Group Life insurance is one times the salary. This amount of coverage is often paid by employer, so you coverage is free. If you would like more coverage, you can buy it for additional premium.
Here are two drawbacks of group coverage:
My action item for you today, is to assess first whether you need life insurance and then figure out where is the best place for you to get it (thru work or on your own.)