Life Insurance
Compare workplace and individual life insurance by coverage needs, premiums, health approval, and what happens when your employment ends.
1
Employer life insurance is often one or two times salary; check your own plan.
2
Workplace coverage may end when employment ends or eligibility changes.
3
Individual policy pricing and approval depend on the product and applicant.
4
Combining policies can help address a coverage gap without double-counting benefits.
A minor beneficiary can create payment and administration complications. Ask a qualified attorney about arrangements that fit your family and local law before completing the designation.
Do not rely on an automatic update. Review the designation, applicable plan rules, and any legal restrictions after marriage, divorce, or another family change.
Read the full guide