Group term life insurance os one year renewable term life insurance coverage provided for a group of people, usually by an employer. All employees are insured under the plan with term life insurance. Coverage is temporary because upon termination of employment, the employee usually does not covert the group term life insurance coverage into an individual permanent life insurance policy due to the increase in rates.
Group term life insurance is a good idea for an employer because it provides a form of employee benefits that may help to retain employees.
Also, group term life insurance is good for individual employees because it is usually paid for in part or in whole by the employer, and it provides life insurance protection the employee might not purchase.
Learn more about group term life insurance.
Group term life insurance is a good idea for an employer because it provides a form of employee benefits that may help to retain employees.
Also, group term life insurance is good for individual employees because it is usually paid for in part or in whole by the employer, and it provides life insurance protection the employee might not purchase.
Learn more about group term life insurance.
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