While any life insurance is better than none, there are two issues with only having insurance through an employer: 

  1. You don’t own the insurance so if you lose your job or your employer closes its doors you are no longer covered.
  2. Your employer based insurance is usually only 1-2 times your salary which may not be adequate for your family’s financial needs. 

We recommend buying a policy that you own outright, regardless of your employee status. 

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