A regular term life insurance policy is individual coverage that insures one person and the owner of the policy continues the coverage as long as he or she continues to pay the premium for the duration of the policy term.
Whereas, a group term life insurance policy insures a group of people who work for the same employer.
Group coverage for life insurance is provided by a certificate that covers a group for one year at a time, and the certificate of coverage may be renewed each year.
Individual term life insurance provides coverage usually for a duration of 10, 15, 20, 25 or 30 years.
With group term life insurance, if you leave your employer, your coverage usually does not follow you.
Whereas, an individual term life policy continues coverage for the life (policy term) of your term life insurance plan.
So, even if you get fired or leave your job, you continue to have your individual term life coverage.
Learn more about the difference in term life and group term life insurance.