Why You Need a Life Insurance Policy Beyond Your Employer Coverage

Don’t Leave Your Family’s Future to Chance

Relying only on your employer’s life insurance coverage? You’re not alone but it might not be enough.

While company-provided life insurance is a great benefit, it’s typically limited and not designed to provide full financial protection for your loved ones. To truly secure your family’s future, it’s important to supplement your group policy with a personal life insurance plan.

Here’s why.

1️⃣ Employer Policies Offer Limited Coverage

Most group life insurance plans cover only 1–2 times your annual salary — far less than what most families need to replace income and manage expenses after a loss.

That amount may not stretch far enough to cover:

Mortgage or rent

Family living costs

College tuition

Outstanding debts

Long-term care for dependents

An individual life insurance policy lets you choose your own coverage amount based on your family’s needs and financial goals.

2️⃣ You Can Lose Coverage When You Change Jobs

Employer life insurance coverage usually ends when your employment does. That means you lose protection if you:

Change careers

Get laid off or retire

Move to self-employment

If you rely solely on your job’s coverage, you risk becoming uninsured at the worst possible time.

With a personal policy, your coverage stays with you wherever life takes you.

3️⃣ Group Policies Are One-Size-Fits-All

Employer-provided policies are convenient but limited. Most won’t let you:

Choose the term length or type of coverage

Add riders like critical illness, child protection, or disability income

Customize your beneficiaries or payout structure

By contrast, an individual policy is fully customizable — giving you control over benefits, riders, and long-term planning.

4️⃣ Rates Increase As You Age

If you wait to buy life insurance until you leave your job or retire, you’ll face much higher premiums due to age and potential health changes.

Locking in a personal policy while you’re young and healthy allows you to secure:

Lower rates for life

Guaranteed coverage even if your health changes later

The flexibility to increase coverage over time

Starting now can save you thousands of dollars in the long run.

5️⃣ Employer Coverage + Personal Policy = Smart Protection

You don’t have to choose between them — they actually work best together.

Employer policy: Provides a small, built-in base layer of protection.

Personal policy: Offers comprehensive, long-term coverage tailored to your family’s needs.

Together, they form a complete safety net for your loved ones.

💡 Final Thoughts

Life insurance through your employer is a great start — but it shouldn’t be your only plan.

A personal policy gives you control, portability, and peace of mind, ensuring your loved ones are fully protected no matter where your career takes you.

📞 Ready to Get Covered?

Let’s build a plan that fits your life — not just your job.

Andrew DeFazio – Independent Life Insurance Broker
📧 Email: andrew@defaziolife.com

📱 Call/Text: (916) 715-3375

🌐 Website: www.defaziolife.com

Compare top-rated carriers and get a policy that stays with you — no matter where you work.