The group life insurance policy your employer provides may be affordable and easy to enroll in without having to take a medical exam.
However, group life insurance policies may only pay an amount equal to one or two years’ of your salary.
That may not be enough to life insurance protection to cover your family’s needs (mortgage payments, education costs, living expenses, lifestyle) if you were to pass away.
Also, you may not be able to take it with you if you change jobs, get fired, or your firm goes out of business.
Having your own personal life insurance policy to supplement your employer-provided life insurance coverage makes sense to guarantee coverage during all the ups and downs in your life, whether you have coverage through your job or not.