7 Group Life Insurance

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Frequently Asked Questions

Is group life insurance enough?

Group life insurance typically covers 1-2x your salary, which is usually not enough for families with dependents. Most financial advisors recommend 10-12x your annual income. Use group life as a supplement, but don’t rely on it as your only coverage — especially since you lose it when you change jobs.

Can I keep group life insurance if I leave my job?

Most group policies offer a conversion option that lets you convert to an individual policy when you leave. However, conversion premiums are significantly higher than individual rates. It’s usually better to buy individual coverage separately while you’re healthy.

How much does group life insurance cost?

Employer-provided group life insurance is often free for basic coverage (1x salary). Supplemental coverage typically costs $5-$45/month depending on your age and the coverage amount. Voluntary group rates are subsidized but not always cheaper than individual policies.

Where can I compare group life insurance quotes?

You can compare free group life insurance quotes from 50+ providers right here on Life Quotes Web. Our comparison tool shows side-by-side rates in under 2 minutes — get your free quotes now.