Group life insurance is generally considered a fantastic, highly cost-effective employment benefit because it provides immediate baseline financial protection for your dependents at little to no out-of-pocket cost, requiring no medical exams or complex underwriting. However, it is rarely sufficient as a standalone financial security strategy because coverage amounts are typically low (often restricted to one or two times your annual salary) and the policy terminates automatically if you leave your job, meaning supplemental individual term policies are still recommended.
1 votes
Marked as accepted