Should I buy life insurance even though I have some through work?
Answers | 4
You never know if you are going to stay with your employer, and you never know if your employer will keep their life insurance benefits in place.
I always think of employer-offered life insurance as "bonus" life insurance. Great to have, but you should always have self-owned coverage (ie. coverage that is not offered through an employer) in place as well.
As others have indicated:
1. You need to have ownership or control of the policy
2. The life insurance needs the flexibility to meet your needs now and in the future.
It's not what you make, It's what you keep that determines your lifestyle