I have a company cover - do I need a term plan?

I have a company cover - do I need a term plan?

People have enormous faith in the life insurance cover that their employer provides for them. Typically, the cover provided by the employer typically is equal to the annual income. This isn't adequate. Also, this insurance lasts as long as you are employed with the organization. If you change jobs, start a company of your own or become a freelancer, you won't have the same insurance cover. If these events happen when you are older, the cost of insurance will be higher too.