Life Insurance (Employer)

Employer-provided life insurance is a group term life insurance policy that pays a death benefit to your designated beneficiaries if you die while employed. It's a standard employee benefit at most mid-size and large companies. **What employers typically provide:** - **Basic life**: 1-2x annual salary, fully employer-paid - **Supplemental life**: Additional coverage at discounted group rates that the employee pays for - **Dependent life**: Coverage for spouses and children, usually a nominal benefit **AD&D (Accidental Death and Dismemberment):** Often bundled with life insurance. Pays additional benefit for accidental death or loss of limb/sight. Usually 1-2x salary, employer-paid. **Why it's usually not a differentiator:** Most large employers provide similar basic life insurance as a commodity benefit. Comparing offers on life insurance terms rarely changes a decision. **Portability:** Group life insurance is not portable. You lose coverage when you leave. If you rely on it as your primary life insurance, you'll need individual term life coverage when you change jobs. **For candidates with significant needs:** If you have dependents, a mortgage, or significant financial obligations, don't rely solely on employer life insurance. Individual term life is typically more coverage at competitive rates and portable.