Is the life insurance from my employer enough?

For most people, employer-provided life insurance is a valuable starting point but an insufficient primary protection strategy. There are two core problems: coverage limits and portability.

Most employer plans provide 1–2x annual salary, often with an absolute cap. A professional earning $80,000 with 2x employer coverage has $160,000 in protection — far below the 10–12x income benchmark many professionals consider appropriate for full income replacement. The gap is even larger for higher earners where plan caps apply before the multiplier would.

Portability is the second issue. When you leave your job — voluntarily, through layoff, or by retiring — your group life insurance typically ends or becomes significantly more expensive through conversion. An individual policy you own continues regardless of your employment status.

Nevada employees across gaming, healthcare, technology, and public service sectors receive varying group benefits. In many cases, supplemental individual coverage purchased from an A-rated (A.M. Best) carrier through an agent in our network is the most reliable and cost-effective way to ensure adequate protection. Actual premiums vary by carrier, age, health status, and coverage amount.