Millions of people receive their life insurance from group plans through their employers. It is no wonder then that many people want to know what the limitations of their group plan are.
The most obvious limitation of the group plan is that you can lose that plan if you lose your job. In fact, your employer will always eliminate your benefits and you will instantly lose your insurance as well as your job. The plans are also limited in what they cover based on which plans the company selects. This means that you really have little control over which plan you receive, if you pay for your insurance through your employer.
The other option that you have is to go out on your own and purchase your own select of insurance. If you choose this route, though, you are going to probably be spending more money.