What Is Employee Life Insurance Benefit? 
Employers purchase group life insurance as an employee benefit for usually no cost to the employee . The face amount is usually under $ 50,000 and varies by employee level , i.e. labor versus management . The employee can then add to the face amount by paying additional premiums usually deducted from their pay . This is a nice benefit , however I caution not to rely on it solely . This life insurance is lost at the lose of the job whether voluntary or involuntary . Always purchase your own life insurance to protect your insurability and use employee group coverage as supplemental . 