What does Group Life Insurance mean? Read on to discover the definition & meaning of the term Group Life Insurance - to help you better understand the language used in insurance policies.
Group Life Insurance
Group life insurance is life insurance that is offered to a group and is usually offered by companies or other large organizations. Many companies offer life insurance to their employees in the form of group life insurance as part of a benefits package to generate incentive for employees to work for the company.
We hope the you have a better understanding of the meaning of Group Life Insurance.