Group Life Insurance

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Group life insurance is a single policy that provides life insurance coverage to a group of people, most commonly employees of the same company. The employer owns the policy and offers coverage to eligible employees, who may receive a basic amount of life insurance at little or no cost, with the option to purchase additional coverage in some cases.
With group life insurance, if you pass away while you’re covered under the plan, your named beneficiaries will receive a death benefit. This benefit can help your loved ones cover immediate expenses, replace lost income, or manage longer-term financial needs during a difficult time.
Because coverage is offered to a group, eligibility is often easier and premiums are typically lower than buying an individual policy on your own. For many people, group life insurance through their employer is a convenient and affordable way to secure an important layer of financial protection for their family.





