Life insurance in Canada through your employer will be cheaper since you get the benefits of group coverage. However, it rarely provides enough financial protection for your family. Additionally, it is not permanent since you cannot take your coverage with you when/if changing jobs. You may also not have the same kind of insurance as all your employers and may lose life insurance coverage once you retire. Therefore, it is always advisable to evaluate your financial needs and responsibilities before deciding on the type of coverage you require.