Employers most commonly offer group-term life insurance that provides coverage should you pass away while employed there. Group-term life insurance is often the most basic coverage. Some employers offer this kind of coverage free.
Sometimes employers offer employees optional additional coverage via voluntary life insurance or supplemental life insurance. If you opt into these programs, you’ll pay for the coverage before you get your paycheck. Opting into these programs gives you more coverage. These programs are good options for individuals who are having difficulty being approved for their own life insurance policy.
Be aware that life insurance coverage through your employer will end when you stop working for them.