If you are asking yourself that question there is good news and bad news. The good news is your employer offers you life insurance as part of your benefits package and that is actually great news. The bad news is that insurance may not be enough to fit your life insurance needs. By looking into exactly what your company can offer you in terms of life insurance and then comparing that to what you have calculated your life insurance needs will be you can figure out if you need to talk to any Michigan Insurance Companies about supplemental life insurance.
As far as my last employer I was given my one and a half times my annual salary as free term life insurance in my benefits package. After thinking about my situation I knew that I would need supplemental life insurance. I totaled all of my debts and factored in the fact that I had a young family that I want to take care and concluded that the one and a half times my salary, although generous, was not nearly enough to fill my life insurance needs. I had two options to fulfill my needs. I could purchase additional term life insurance through my employer or seek out one of any reputable Michigan Insurance Companies to purchase an individual policy.
It is smart to do a comparison of the two before making a decision. Some factors to consider when comparing could be how long you plan on staying with your employer, the ability to convert your employer purchased life insurance into an individual policy if you leave the employer, and the cost over a period of time for the policy. These will help you determine which is the best route in supplementing your life insurance needs and make sure that your family will be taken care of the way you want them to be.