Why Group Life Insurance Often Isn't Enough
When I was young, my mother had a job that in the trucking industry for over 2 decades. She had a benefits through her employer and she and my father thought these benefits were enough to safeguard our family. But when my mother got cancer at 55 years of age and passed away 2 years later, my father quickly found her life insurance wasn't nearly enough. He relied on her income as much as she depended on his for our family lifestyle. When her income was gone, so was the lifestyle they had worked hard to build!
đź’Ľ The Hidden Risk...
When you start a new job, your benefits package often includes a life insurance policy. It feels like one less thing to worry about, right?
But here’s the truth: group life insurance through your employer isn’t enough to protect your family—and relying on it alone could leave them vulnerable.
🛑 Why Group Life Insurance Isn’t Enough
While it’s great to have coverage at no extra cost, it’s important to understand its limitations:
🚪 It’s Not Portable
Your life insurance is tied to your job. If you:
Change jobs
Get laid off
Retire
Then your coverage usually ends. You’d be left unprotected during a major life transition—when you might need it most.
💸 It’s Often Inadequate
Most workplace plans only offer coverage equal to 1x or 2x your annual salary. That may sound like a lot, but for a family facing mortgage payments, childcare costs, and daily living expenses, it won’t go far.
Would your family be financially stable on just one or two years of your income?
❌ No Customization or Control
With group coverage:
You can’t choose the amount
You can’t update the policy if your family grows
You have no say in the terms
And remember: your employer owns the policy—not you.
🧾 It Might Not Cover All Your Needs
Group policies are designed to be simple, affordable, and broad. But your family’s financial situation is unique. A personal policy can be tailored to:
Replace long-term income
Pay off debts
Cover future education costs
Protect a stay-at-home spouse or dependent
💡 What’s the Solution?
Supplement your group life insurance with your own personal policy.
That way, you:
Own your coverage
Keep it even if you change jobs
Choose the amount that reflects your family’s needs
It’s an investment in your family’s future—and your peace of mind.
👨‍👩‍👧‍👦 Life Changes. So Should Your Coverage.
If you’re in your 20s, 30s, or 40s and starting a family or buying a home, now is the time to get coverage that grows with you. Don’t wait until a job change or emergency forces the issue.
Let’s talk about building the right protection—before it’s too late.
Need help reviewing your coverage?
Send us a message and let’s make sure you and your family are fully protected.
