life insurance Westwood, NJ

I Have Life Insurance Through an Employer, Do I Need Another Policy?

If an employer offers life insurance, many employees will sign up and think they are taken care of. While group life insurance through your job has its benefits, there are a few reasons that you should still have an individual life insurance policy.

The benefits of having your own life insurance policy include:

If you change jobs, your individual life insurance policy is still covering you. In the event that you lose your job, change jobs, or, in some cases, retire,¬†your employer’s insurance policy will not continue to cover you.

When your insurance is provided by the employer, they may change it or even get rid of it all together.

A personal insurance policy is specific to your life and what you need to care for your family. Group life insurance tends to be limited in what you can cover. This means that your policy may not provide your family with the protection they need.

By having your own life insurance policy, you can be sure that you are able to provide for your family if something happens. An employer that offers group life insurance can still be beneficial to you, but making sure you have coverage regardless of your employment status is important and the best way to make sure your family is taken care of.

life insurance Westwood, NJ

Do you have a life insurance policy?

If you are only covered by a group life insurance policy or do not have any kind of life insurance, be sure to contact Johl & Company in Westwood, NJ to discuss your options or request a quote online.

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