Free Life Insurance through Your Employer

One way to obtain free life insurance is to find a job that offers a paid life insurance policy as a benefit. Remember that you will have less freedom within the policy if it is paid for by your employer and the decision of how much life insurance coverage you receive will be decided for you. Furthermore, your life insurance policy will be terminated should you leave the company for any reason.

You should have the right to name your own beneficiaries. If not, and your employer names him or herself, then it is considered 'key man' insurance and is not a benefit of employment.