Is group life insurance better than individual term life insurance?

Group life insurance and individual term life insurance serve different purposes and have different strengths. For most Nevada professionals, individual term life insurance is the superior primary protection vehicle — but group coverage serves as a valuable, low-cost supplement.

Group insurance advantages: accessibility (no or minimal underwriting), employer-paid premiums for base coverage, and convenience. These benefits make it an excellent complement to individual coverage.

Individual term life advantages: portability (coverage stays with you regardless of employment), higher coverage limits, individual underwriting that rewards good health, policy ownership and control, and the ability to customize with riders.

For a healthy 35-year-old Nevada professional, an individual 20-year term policy for $1,000,000 may cost less per dollar of coverage than equivalent employer supplemental coverage — and it does not end with your job.

The best strategy for most Nevada professionals: accept the employer-provided group coverage as a workplace benefit, add supplemental coverage through the employer's plan if it offers guaranteed issue advantages, and establish an individual term policy as the primary portable protection. Agents in our network can compare specific options from A-rated (A.M. Best) carriers to find the right combination. Actual premiums vary by carrier, age, health status, and coverage amount.