What is the difference between group and individual life insurance?

Group life insurance is offered through an employer or association and covers all eligible members under a single master policy. It typically requires no medical underwriting, which makes it accessible regardless of health. Coverage is usually one to two times annual salary and premiums are partly or fully employer-paid.

Individual life insurance is a policy you own personally, independent of your employer. You choose the coverage amount, policy type, and beneficiaries. Premiums are based on your individual health and age at application. Because you own the policy, it remains in force if you change jobs, retire, or are laid off.

The key limitation of group coverage is portability: when you leave your employer, coverage typically ends. Conversion options exist but are often expensive and limited in coverage amount. Additionally, group coverage rarely provides enough protection for families with significant financial obligations.

Many Nevada residents carry both: employer group coverage as a foundation and an individual policy for comprehensive, portable protection. Agents in our network can help you identify how much additional individual coverage makes sense alongside your existing group benefit.