I have often come across individuals who tell me they already have coverage through their work.  Employee benefits can be a great start for protecting yourself and your family.  However, it is critical to know what coverage you have, how long you will have it and if it is enough to adequately protect your finances.

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In many cases, employee benefits only provide a base level of protection, meaning that you may need to supplement your policy in order to have the right amount of protection.  Also, some employers terminate the coverage once an employee retires.  Not having the employer-paid portion of the premium will definitely be more expensive especially if you are 60 years of age or older at the time.

 

This is why it is a great idea to ask your employer for a copy of your employee benefit coverage.  I can then review it with you and assess if it is providing the protection that you actually need and if a supplementary or back-up plan is necessary.