Group life insurance is offered by an employer or another large-scale entity, such as an association or labor organisation, to its workers or members.
How Group Life Insurance Works
Group life insurance is a single contract for life insurance coverage that extends to a group of people. By purchasing group life insurance policy coverage through an insurance provider on a wholesale basis for its members, companies are able to secure costs for each individual employee that are much lower than if they were to purchase an individual policy.
Which insurance is right for you?
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