Most likely, YES!
A lot of companies provide life insurance as an added benefit for their employees, but this shouldn’t be the only life insurance policy you have. Having life insurance through your work is a great benefit, but it's also temporary coverage and usually not enough. If you quit or lose your job you will also lose your life insurance. So it makes sense to explore a life insurance policy that will stay with you no matter where you work.
Employer-sponsored life insurance is a great benefit, but it doesn't always offer enough protection. Typically employees that get life insurance through work get a policy that is equal to one year of their salary. For a married couple with a mortgage and possibly kids, one year salary is usually not even close to being enough. It’s important to have enough life insurance and not rely on the small amount you get from work.
Now the part no one wants to think about, but it’s real, it happens and it happened to people in my family. Your spouse is driving home from work and there’s an accident, he doesn’t make it home. Your world just crumbled. To make things worse, a few months later you start to learn about the financial burden you will have to deal with on top of the loss of your spouse. You’re income just got cut in half, but your mortgage payment and utilities did not. Luckily your spouse had life insurance through work. Unfortunately it was only enough to pay for the funeral and medical expenses. The next step most people take is to rely on the kindness of others by having a benefit or starting a Go-Fund Me page to raise money.
If you already live paycheck to paycheck like most people, how easy will it be to live with half your household income? That’s where life insurance comes in to make sure the loss of your loved one does not mean you have to lose your home as well.