Some companies offer a set amount of life insurance to employees as a benefit. Additional life insurance may be also available to purchase through the company by the employee. This type of life insurance is whole life and the benefit terminates when employment terminates. Before conveniently signing up for additional coverage, shop around. Call life insurance providers such as USAA, Farmers, State Farm and receive a few quotes for comparison. Often times you can receive a larger policy for less money than what your company is offering. Another benefit to using a private life insurance policy is that it stays with you when you change employers or retire.