Life insurance is a common benefit offered by employers and it is certainly a valuable extra. However, you shouldn’t assume that the policy will cover all your needs. It is likely to be a standard policy prepared for every employee regardless of their individual circumstances. It probably won’t pay out as much as you’d like. There is also the question of what happens if you leave your job, because unless the policy is portable, you may lose the premiums you’ve paid and the cover. If you stay with your employer it will end on your retirement. Also, if your employer has given it, they can just as easily take it away. Your own insurance company may not be able to advise you on your workplace policy but they should be able to give you some idea of how the two could work together.