Life insurance becomes necessary the moment someone else depends on you. It can be your spouse, children, or even your parents. If your death would affect the lifestyle of someone you love, it’s time to enroll.

Individual life provides a specified lump-sum benefit to your beneficiary at the time of your death. These policies do not expire, and the price of your premiums typically won’t change from the date you enroll. And, even if you leave your employer the policy stays with you.

This benefit may also be available to your spouse and dependent children.