If I have death in service insurance, will I not need life insurance?
On paper, three to five times your annual salary may seem like a large sum of money. And while that may be true, the old adage of not “placing all your
eggs in one basket” is a good logic to apply here.
If you were to leave the company providing this policy, or if you were to pass away under different circumstances, then it’s likely that your family will
no longer be protected. In either of these instances, a life insurance policy would be a smart backup option to have - as well as death in service
We would recommend a combination of these two policies in order to ensure your loved ones and their financial future are protected as much as possible.