Basic Life Insurance Through Employer at Life

Basic Life Insurance Through Employer. Life insurance offered through your employer is typically “group insurance,” meaning one policy covers a defined group of people (in this case, you and other people who work for the same organization). The employer usually pays for the basic coverage and the employee could purchase additional coverage often capped at multiple times of the employee's salary.

Many employers offer basic life insurance to their employees as part of their benefits package. While these policies are often helpful for boosting a person’s total life insurance coverage or providing coverage to people who might not otherwise be eligible for life insurance, they are not typically enough coverage. The employer usually pays for the basic coverage and the employee could purchase additional coverage often capped at multiple times of the employee's salary.

How to create a voluntary benefits program for your

A basic life insurance policy through your employer may be included in your employee benefits package at no cost to you. Some employer’s make you opt in to this basic insurance coverage, but there is typically not a premium charge for this coverage. There are many resources and calculators to help you estimate how much life insurance your family may need. Basic life insurance coverage typically remains.