Free life insurance at work is a sweet deal. The employer pays for the coverage, and all you have to do is sign up during open enrollment for employee benefits.
But a pitfall awaits: While accepting the perk is a no-brainer, relying on it as your only coverage is risky if anyone depends on you financially.
“In many cases that coverage may not be enough,” says Todd Katz, executive vice president at MetLife.
Barbara Marquand | NerdWallet.com