What Is Group Life Insurance?

[jaitley143]

Levels of coverage offered with group life insurance vary. Information about the amount of benefits available is provided to allow people to make an informed decision about whether they want to join the policy. People who want to leave the group but stay insured, usually because they are concerned about not being able to get insurance on their own, may be able to adjust the amount of benefits available when they convert their policies to individual life insurance plans.

[mortgages143]

Group life insurance is a life insurance product designed to cover a group of people as a whole, rather than being written as a series of individual policies for specific people. This product is most commonly made available to employees of a company or members of a professional or service organization. People can opt into the insurance plan and will be able to name their beneficiaries and change them as neede