Should I get this type of life insurance or purchase my own policy?
That depends on your situation and budget.
You'll want to answer the following questions before making a decision:
- How much life insurance does your employer plan offer?
- How much of the premium will you have to pay?
- What type pf coverage is offered - Term or Permanent life insurance?
- How much life insurance do you need?
- What is your budget for life insurance?
- How long do you need life insurance?
Also, keep in mind, if you leave your current job for any reason you may lose the life insurance, so you may want to buy your own individual life insurance policy to make sure you have life insurance protection should your job status change.