Should I buy a life insurance policy even if my employer has insured me in a group insurance scheme?It is always prudent to buy an individual life insurance policy.
04 Dec 2008
It is always prudent to buy an individual life insurance policy because:
- The amount of insurance you are covered for may not be a very large sum
- If your employer decides on cost-cutting, you may no longer be insured
- If you decide to leave your employer, you may no longer be covered
- The older you are when you buy insurance the higher is the premium