Life insurance can be obtained through an employer-provided group plan or purchased individually from an insurance company. Each option has unique features, benefits, limitations, and costs. Understanding the differences between employer and individual life insurance helps policyholders choose the coverage that best fits their financial needs and long-term goals.
This sub-pillar explains key considerations, comparisons, and strategies for selecting between employer and individual life insurance.
20 Supporting Articles for this Sub-Pillar:
- Overview of Employer-Sponsored Life Insurance
- Overview of Individual Life Insurance
- Differences in Coverage Amounts Between Employer and Individual Policies
- Portability of Employer Life Insurance vs Individual Policies
- How Premiums Are Paid in Employer vs Individual Plans
- Tax Advantages of Employer Life Insurance
- Tax Considerations for Individual Life Insurance
- Group Life Insurance Eligibility Requirements
- Underwriting Differences: Group vs Individual Life Insurance
- Term vs Permanent Coverage in Employer and Individual Plans
- Advantages of Employer-Sponsored Life Insurance
- Advantages of Individual Life Insurance
- Limitations of Employer Life Insurance
- Limitations of Individual Life Insurance
- How Beneficiary Designations Work in Employer vs Individual Plans
- Converting Employer Life Insurance to an Individual Policy
- Supplemental Life Insurance Options Through Employers
- How Life Events Affect Employer vs Individual Policies
- Combining Employer and Individual Life Insurance Coverage
- Choosing Between Employer and Individual Life Insurance
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