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.