When to Consider Getting Supplemental Life Insurance?

World Financial Solutions Inc.11 Feb, 2022Finance

You've probably heard the term "supplemental life insurance" during your employer's open enrollment period or when you initially started a new job. In terms of what the phrases mean, it appears to be straightforward. However, it's a little more nuanced than that; supplemental life insurance refers to any type of additional life insurance policy. The term is most commonly used to describe supplemental life insurance coverage obtained as an optional insurance benefit at work (i.e., employee-paid).