Individual Insurance

Insurance you buy as an individual from an advisor or insurance company.

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This differs from group insurance, which you may have through your employer.

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Virtually all insurance products are available as individual insurance.

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The key difference between individual insurance and group insurance is that with individual insurance you own/control the policy, whereas with group insurance your employer will own/control the policy.

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Individual insurance can be taken with you throughout your career(s).

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Whereas with group insurance, if/when you leave your employer you will typically also lose your group plan coverage, leaving you uninsured.