The primary disadvantages of group life insurance include a lack of personal customization, lower coverage limits, and a distinct lack of policy portability. Group plans offer standardized benefit amounts that rarely match an individual's specific long-term financial needs. Furthermore, because the master policy is tied directly to your employment, leaving your job, retiring, or getting laid off typically results in the termination of coverage. Securing individual private policies often provides higher coverage caps and permanent protection that stays with you regardless of employment changes.
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