❤️ Is Your Employer’s Life Insurance Enough?

Group term life insurance pays beneficiaries if coverage is active when you die, and paycheck deductions show any premium you pay through employer benefits.
Employer-sponsored coverage is typically cheaper than individual term insurance, usually requires no medical exam, and may offer either a flat benefit or salary-based amount.
Typical GTL coverage ranges from $50K to $500K, but protection usually ends when employment ends unless you qualify to convert promptly afterward.
Coverage under $50K generally avoids immediate tax issues, while coverage above that threshold can add taxable wages based on age and excess protection.
Group term life can strengthen a family safety net, but workers should compare limits, portability, age-based changes, and whether added personal coverage fits.