1. I assume you are at least 40 years old.
2. I assume you are in good health.
3. In general, your employee provided group insurance is at least 2 times more expensive than a term insurance. Don't ask me why because that leads to a long discussion.
4. What you want to do:
a. determine your need of coverage ( what you need to earn towards major expenses, say you have 20 years to retire, and you are making 100k, then you need 2M coverage (actually less than that, because death benefits are not taxable.., so say 1.5M..).
b. determine the term (say 20 years).
1.5M 20 year term at starting age of 40 should be about 1000 dollars a year.
