2. It's about knowing—and owning—your coverage
Many companies offer life insurance as a benefit of employment. If you work full time, chances are you have some kind of group insurance plan through your job. It's a perk if your company offers life insurance, but it's also important to know exactly what that benefit provides. Many group policies aren't portable: If you change jobs, you can't take your insurance coverage with you. Further, such policies may only offer a limited amount of coverage. You may need access to more coverage to adequately protect yourself and your family.
It's also important to remember that you don't actually own the policy—your employer does. That means your employer can change the terms of your coverage at any time without consulting you. Depending on the terms of your group plan, you may not be able to increase coverage when you experience a major life event, such as getting married, having a child, or buying a home. That's why it's important to have supplemental coverage that you own and can keep even if you change jobs.