Do you have a life insurance policy through your work? Or is it better to just get your own? I have my own but wondering if there's any benefit to going through my work?

like
Posting as :
works at
You are currently posting as works at

I have one provided to me, but I don't account for it (1x salary I think?). I have a separate term life policy.

Why? If I have a terminal illness or life event I'll likely not be employed when I die and it may be difficult to have a new policy issued that's covering the risk.

I would only buy the policy through work if I was otherwise uninsurable or it's cost prohibitive due to some factor.

like

THIS! I have a separate term life for each of my kids (born 13 year apart). If I became terminally ill and was unable to work at some point, I did not want to worry about life insurance. You also never know if you leave your employer what the new one will offer.

That being said, I do have the standard firm offered life insurance (1x salary) and also pay for the supplemental (10x salary). It’s pretty inexpensive so it gives me peace of mind knowing that if I die young-ish, my family will be fine.

like

Your work life insurance policy should be Pennie’s compared to purchasing your own (either whole or term). So take what work offers you. And consider buying separate if necessary.

I do both. Work and I have term life.

like

I do because I’m young with no dependents and it’s low effort. I maxed it out and it’s a few bucks a paycheck, at least if I die suddenly then my family will get a little cash prize

like

I do both. The ones with your employer usually have more caveats than the ones outside. And most people don't read that fine print that specifies low coverage amounts, or limited policy options

If you're obese then work may be the only coverage you can get. I'm obese and while I'm in otherwise good health, it's just way too costly to get anything more.

Related Posts

Need Advice on two job offers. One is in accounting advisory role at Crowe. The other is fund accounting analyst at Goldman Sachs. Comp is similar. Which one would have better exit opportunities? What one would you guys choose? Thank you guys.

likehelpful

How much do cath lab techs make per hour? And is there an increase in pay once you are RCIS certified?

like

McKinsey & Company Looking to get into supply chain consulting. Background in Tech, Ag, and MFG. Any referrals available or angles I should look into? KPMG PwC EY McKinsey & Company Microsoft

like

I just found this bowl existed and it truly brought a smile to my face

like

Do anyone from EY India tell me from where can I download my FORM 16?
Need it on urgent basis ... please guide.

EY

like

Hello! Recently laid off. Have 5 years of corporate and campus recruitment. I live in north New Jersey. Open to any hybrid roles in NJ or NYC. Open to any industry!

like

This is related to increment/hike.
Promoted to Manager from Senior Consultant 2 in Business Consulting Risk Advisory. Current package is INR 17.5 L fixed with 7.5 years of total work experience. Bonus received is 25%.

Can someone please tell what would be the revised fixed compensation (how much hike can I expect). Also, whether will be promoted to M1 Or M2. Thanks.

like
likefunny

Tips on how to be healthy and get enough sleep/exercise while working 50+ hours a week and studying for CPA while trying to keep the household together. I am not feeling well.

like

Hey folks
I've been in usi for a year now but haven't submitted any expenses for broadband.
Can i submit expense for previous months as well?
Thank you

like

Anybody have experience w a ski erg. Thinking about getting one to compliment my rower

My gf is better than me in every way. I don’t look half bad but she’s absolutely gorgeous - turns heads when we’re out. She works at MBB. She’s ambitious and has a kind, loving heart (cont’d)

likeuplifting
like

How does one buy ETH thru a ROTH?

like

Has anyone ever successfully contested a passing a red light ticket in Arlington? Was it worth the fight?

like

I have a notice period of 90days but wipro gave offer considering 60 days and gave offer letter ,,i have shared my last working day email to HR but they have not given offer with new joining date ?? HR is non responsive

like

I am an Employee Engagement and Relations Manager for a healthcare clinic, and I’m looking for ideas to boost morale/employee satisfaction on a budget. Does anyone have any ideas? Thanks!

like

Hi
Has anyone received offer from
DBS Bank through DBS Develop{h}er Recruitment

I'm looking for an an automated callout platform. Does anyone here have a recommendation?

Is it just me, or is Havas the douchebag of ad agencies?

like

Additional Posts in Employee Benefits

What's the best way to get a Nintendo Switch OLED to use my Deloitte well being subsidy?!
TIA

like

Who else gets off the week between Christmas and New Year’s Day?

like

When you finally got your CPA license how much has your salary jumped ?

like

We can reimburse phone accessories up to 250$ right?

like

How does a corporate card work? For example, if I’m charging something related to company expenses on my corporate card, what do I do next?

like

Evaluating an offer from Amazon. What are some benefits to consider ? Cell phone, gym, employee discounts.. ?

like

EY, what is the current maternity leave policy? Does the firm allow leave starting at 38 weeks? Is disability (6-8 weeks) separate from parental leave (16 weeks)? When is full eligibility - after 12 months of employment?

like

Are you guys enjoying this mandatory work from home? Or you are so bored and ready to go back to office?

like

Thinking of leaving Accenture all because of terrible pharmacy coverage by Express Scripts leaving no other choice - has anyone ever thought of this or done this? (Continued below)

What is a make or break benefit that your firm offers?

like

Any insider knowledge of EY modifying the frequent traveler program policy now that most travel will be reduced?

like

Can anyone recommend companies that have good maternity leave that do not require you to work for a certain time (like one year or so) so you can be eligible to take the leave?

like

What are some additional maternity benefits or perks at your firm (beyond leaves)? I have heard of Amex gift cards, firm-based support groups, free counselling, goodies (parenting books, water bottles), free pump... what else?

like

Slalom - in 2nd round of interviews - Glassdoor is benefits are average?

like

What are EY discounts on cell phone providers?

Joining BDO this week. Any good perks I should know about?

How are Amazon benefits? Any really good perks you like?

like

Does anyone know if Accenture offers an orangetheory fitness discount? And how big the discount is?

like

What are your firm’s best & worst benefits?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal