Can I increase my group life insurance coverage?

The employer typically funds group life policies to provide financial support for employees in case of catastrophic events such as death, accidents, or disability. The employer selects the coverage based on the employee’s role and needs. However, if an employee wishes to increase their coverage, they can pay the additional premium themselves. Alternatively, the employee may choose to convert the group life insurance into an individual policy, taking full responsibility for both the policy and its coverage.