Here are a few reasons why you might still need additional life insurance: Insufficient coverage: Employer-provided life insurance typically offers a death benefit that is a multiple of your salary, such as one or two times your annual income. However, this may not be enough to adequately cover your family’s financial needs in the long term. It’s important to assess your specific circumstances, such as outstanding debts, mortgage, education expenses, and future financial goals, to determine if the coverage provided by your employer is adequate. Job changes: If you change jobs or leave your current employment, you may lose the life insurance coverage provided by your employer. Having an individual life insurance policy ensures that you maintain coverage regardless of your employment situation. Customization and portability: Group life insurance provided by employers typically offers a standard policy with limited customization options. With an individual life insurance policy, you have the flexibility to tailor the coverage to your specific needs and adjust it as your circumstances change. Additionally, individual policies are portable, meaning you can keep them even if you switch jobs or retire. Supplemental benefits: Individual life insurance policies often come with additional benefits and riders that can enhance the coverage, such as critical illness riders, disability riders, and accelerated death benefit riders. These riders provide extra financial protection in case of serious illness or disability, allowing you to access a portion of the death benefit while you’re still alive if certain conditions are met. Legacy planning: Life insurance can also serve as a means to leave a financial legacy for your loved ones or support charitable causes that are important to you. Individual life insurance policies can be structured to provide a larger death benefit specifically for this purpose.