If you lose your job, you will most likely lose your insurance. Most certainly, even if you're still covered by your employer's insurance, you'll lose your favorable rate, which was negotiated for you as part of a group policy.
In any event, your coverage from your employer may simply not be enough. Typically, work-sponsored life insurance is no more than one to three times your annual income. If you add up your mortgage, childcare and other important expenses, you'll quickly discover that your work-sponsored coverage won't get those you leave behind very far. It's virtually always good to supplement your meager work-sponsored policy!
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