Supplemental life insurance: How does it work?
it’s still important to make sure the
of coverage you have is enough.
Most people need life insurance worth
at least 10 times their income
If your employer plan offers a death benefit of $100,000 but you actually need $750,000 or $1 million in coverage to replace your income
While you’ll probably need at least 10 times your income in life insurance coverage
if you have kids at home, plenty of working years left and debts to be paid off
then having up to 20 times your income in life insurance may make more sense
If you add up your group life insurance coverage and the supplemental coverage