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Group life insurance is a benefit you may get from your employer. Find out what it is and the pros and cons.
Group life insurance is offered by an employer or other large-scale entity, such as an association or labor organization, to its workers or members.
What is group term life insurance? Group term life insurance is a type of life insurance coverage offered to employees by employers as part of a benefits package. This policy generally...
Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.
Below, CNBC Select explains what you need to know about group life insurance, including what it is, who is eligible for coverage and the benefits and drawbacks of a group life policy.
Group life insurance, sometimes called employer-provided life insurance or group term life insurance, is one single life insurance policy that covers a group of people. Group term life insurance is usually offered by employers, but may also be offered by unions and trade organizations.
A group universal life policy is a form of universal life insurance offered to a group of people at a lower cost than what is typically offered to an individual.
Group life insurance is a policy offered by employers and private organizations to eligible employees or members to protect their families' financial well-being if the policyholder dies. It is sometimes called basic life insurance or employer-sponsored insurance.
What is group life insurance? Group life insurance is a type of life insurance policy that an employer purchases on behalf of their employees.
Is a group life insurance policy term or whole life? A group life insurance policy is typically term coverage that renews annually. However, each company or organization is free to choose the type of coverage it offers to the employees or members.