• Group life insurance is offered by an employer or other major entity such as an association or trade union organization to its employees or members.
  • Group life insurance is quite inexpensive and may even be free, since many members pay on a group policy.
  • Some organizations require group members to participate for a minimum period of time before they can be covered, which is usually quite simple.
  • The group life policy does not require individuals to undergo a medical examination or underwriting.
  • Death benefits under a group life policy are generally limited.