But I have insurance through my employer, isn’t that enough?
Last Updated:
January 9, 2024
Employer-paid policies typically offer coverage that is about $25K with options to purchase additional term life insurance equal to about 1-2X your annual salary, which, unfortunately is only a fraction of the coverage most people need. Financial experts recommend having coverage that is 8-10X your annual salary, which is why Departure Plan exists---to help people sufficiently supplement their limited coverage through work.
Employer-paid policies typically offer coverage that is about $25K with options to purchase additional term life insurance equal to about 1-2X your annual salary, which, unfortunately is only a fraction of the coverage most people need. Financial experts recommend having coverage that is 8-10X your annual salary, which is why Departure Plan exists---to help people sufficiently supplement their limited coverage through work.
