'It Is A Dangerously Insufficient Benefit': Suze Orman Says To Skip This Popular Workplace Perk During Open Enrollment

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Nov 10

Open enrollment season is here, and many employees are reviewing their benefits packages. While it's tempting to check all the boxes on what your employer offers, personal finance expert Suze Orman ...

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While it's tempting to check all the boxes on what your employer offers, personal finance expert Suze Orman ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/management/25/11/48749459/it-is-a-dangerously-insufficient-benefit-suze-orman-says-to-skip-this-popular-workplace-perk-during-open-enrollment\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'It Is A Dangerously Insufficient Benefit': Suze Orman Says To Skip This Popular Workplace Perk During Open Enrollment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'It Is A Dangerously Insufficient Benefit': Suze Orman Says To Skip This Popular Workplace Perk During Open Enrollment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-10 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/personal-finance/management/25/11/48749459/it-is-a-dangerously-insufficient-benefit-suze-orman-says-to-skip-this-popular-workplace-perk-during-open-enrollment><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Open enrollment season is here, and many employees are reviewing their benefits packages. While it's tempting to check all the boxes on what your employer offers, personal finance expert Suze Orman ...</p>\n\n<a href=\"https://www.benzinga.com/personal-finance/management/25/11/48749459/it-is-a-dangerously-insufficient-benefit-suze-orman-says-to-skip-this-popular-workplace-perk-during-open-enrollment\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"https://www.benzinga.com/personal-finance/management/25/11/48749459/it-is-a-dangerously-insufficient-benefit-suze-orman-says-to-skip-this-popular-workplace-perk-during-open-enrollment","article_id":"2582874732","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/10/Businessman-Protective-Stance-Symbolizes.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/personal-finance/management/25/11/48749459/it-is-a-dangerously-insufficient-benefit-suze-orman-says-to-skip-this-popular-workplace-perk-during-open-enrollment","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2582874732","pubTimestamp":1762779660,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Open enrollment season is here, and many employees are reviewing their benefits packages. While it's tempting to check all the boxes on what your employer offers, personal finance expert Suze Orman warns that one popular perk may not be enough to protect your family financially: employer-provided life insurance.Orman points out that most employers offer a basic life insurance policy worth only one or two years of your salary. \"I am not saying that's a lousy benefit — but it is a dangerously insufficient benefit,\" she writes in a recent LinkedIn post.The problem, Ormans says, with relying only on workplace life insurance is straightforward: it rarely matches the financial needs of a surviving family. She adds that a death benefit equal to one or two years of salary cannot support a household if the primary earner dies unexpectedly.In short, Orman tells employees not to treat basic employer life insurance as sufficient. By supplementing it with a thoughtfully chosen term life policy, you","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0106831901.USD":"贝莱德世界金融基金A2","BK4211":"区域性银行","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BPOP":"大众银行","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC"},"translate_title":"“这是一项危险的不足福利”：Suze Orman表示在公开注册期间跳过这项受欢迎的工作场所福利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPOP":1.5},"content_text":"Open enrollment season is here, and many employees are reviewing their benefits packages. While it's tempting to check all the boxes on what your employer offers, personal finance expert Suze Orman warns that one popular perk may not be enough to protect your family financially: employer-provided life insurance.\nOrman points out that most employers offer a basic life insurance policy worth only one or two years of your salary. \"I am not saying that's a lousy benefit — but it is a dangerously insufficient benefit,\" she writes in a recent LinkedIn post.\nDon't Miss:\nFor families with dependents, this limited coverage may leave loved ones vulnerable. According to Orman, a meaningful life insurance policy should cover at least 20 times annual living expenses, and ideally 25 times, to provide enough financial security.\nThe problem, Ormans says, with relying only on workplace life insurance is straightforward: it rarely matches the financial needs of a surviving family. She adds that a death benefit equal to one or two years of salary cannot support a household if the primary earner dies unexpectedly.\nThis is especially critical for younger families, or those with a mortgage, student loans, or children's education costs. Without sufficient coverage, surviving partners may face tough financial decisions, including scaling back work hours or cutting lifestyle expenses.\nTrending: From Chipotle to Red Bull, Top Brands Are Already Building With Modern Mill's Tree-Free Wood Alternative — Here's How You Can Invest Too\nOrman says term life insurance is a better option to supplement employer coverage. Term life insurance lasts for a set period — such as 10, 20, or 25 years — and pays a death benefit if the insured passes away during that term.\nThe cost of term life insurance is generally manageable. Orman shared this example: \nA 35-year-old man in average health could expect to pay around $350 annually for a 20-year policy with a $500,000 death benefit. For someone age 45, premiums may be roughly double that, while premiums for women at the same age are usually lower.\n\"To be clear: when you buy a ‘level term' policy, the premium you pay in the first year will be the same premium you pay every year,\" Orman wrote. She said that for most people, these premiums are less than the monthly payment on a typical car loan, making term life insurance an affordable way to enhance financial protection.\nSee Also: Forget Flipping Houses—This Fund Lets You Invest in Home Equity Like Wall Street Does\nWhile some employers offer the option to buy additional coverage, Orman says  employees — especially younger and healthier individuals — should explore the open market. Online marketplaces often provide competitive rates that could save money over employer-sponsored plans.\nIn short, Orman tells employees not to treat basic employer life insurance as sufficient. By supplementing it with a thoughtfully chosen term life policy, you can give your family the financial peace of mind they need, even if the unexpected occurs.\nRead Next: From Moxy Hotels to $12B in Real Estate — The Firm Behind NYC's Trendiest Properties Is Letting Individual Investors In.\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}