Usually not. Employer group life insurance is often only one or two times your annual salary, while many families need roughly 10 times income or more to cover a mortgage, debts, and future expenses.
Group coverage also typically ends when you leave or change jobs, which can leave you without coverage when you’re older and personal policies cost more.
For Central California families, where many mortgages now exceed $300,000, a personal term policy that you own is often the right addition to group coverage. A needs analysis using your debts, income, mortgage, and education goals will give you a specific number.
Questions about your own policy? Elye Insurance in Mission Viejo helps homeowners and drivers across California and Nevada compare options from multiple carriers.
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