The age-old idiom, “if it’s free, it’s for me,” can give workersa false sense of security when it comes to employer-offeredlife insurance.

A myth has emerged that the life insurance offered by employersprovides adequate protection for employees. However, the reality ofthe situation is that it does not. Throughout my 30+ yearsconsulting individuals on their life insurance needs, I’vewitnessed countless situations where individuals fall into thistrap. In reality, employer-offered life insurance typically onlycovers a fraction of the protection required for mostindividuals.

As a benefits professional, you understand that employer-offeredlife insurance is an added perk on top of health, retirement andother benefits a company offers, not a solution. In light ofSeptember’s Life Insurance Awareness Month, it’s an exceptionallyimportant time to educate employees, and guide them on the rightpath of financial well-being. Below are a few truths that dispelsome company-offered life insurance myths.