Protection against rate increases Premiums cannot be increased on an individual. Employer-sponsored group coverage is generally a good deal for the employee. But there are a few serious limitations that need to be considered when reviewing your financial plans. Coverage may not meet your individual needs . The benefits you receive may have little in common with your actual needs and situation.
Limited protection amounts .
Policies are often designed to provide basic protection or benefits. Amounts are often limited by uniform standards. Or there may be a two-year maximum benefit period for disability income coverage. Such policies, unless supplemented, could leave your insurance package woefully inadequate. Costs generally increase on an age-based schedule .