Is Life Insurance Included in my Job?
Answer:
Probably. Most but not all


employers offer life insurance to their employees. According to a survey by the Society of Human Resource Management in 2002, nearly 98% of all employers offered life insurance to their employees. The survey revealed that large companies, those with over 500 employees, all offered life insurance to their employees.

This doesn’t mean that you will be getting free life insurance, merely that it is offered. Most employers will pay at least a portion of the premium. One of the benefits of getting life insurance through your employer is that you will get group rates which are considerably less than individual rates.

In addition to the standard life insurance plan that is offered, you may be able to purchase additional life insurance as a supplement. For example, if the amount offered isn’t enough for your situation, you may be able to increase the death benefits by buying more. You may also be able to insure your spouse and children on a supplemental basis. These policies would most likely be paid completely by you however you will be able to take advantage of group rates.
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