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Originally Posted by CRFSaver
Check through your work to make sure you are not covered already. Every job I have had I have been covered from 1X to 1 1/2X my annual salary. In fact I pay taxes on the premium value over 50 or 60k. If you are already just name your family as beneficiary. You might check on whether you stipulate in your will that the proceeds would be used to cover funeral costs etc.
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If you are young and healthy you can get less expensive individual coverage that you take from job to job (no cobra for life benefits) and if your employer is paying for the benefits it is no longer a tax free benefit. Remember as a 28 yr old healthy individual your group consists of the 52 yr old diabetic chain smoker and you suffer for it. You can usually save on individual into early 40's for males and late 40's for females.