Group life insurance
From Ask in Wiki
Group Life Insurance - Life Insurance provided for members of a group. It is most often issued to a group of employees but may be issued to any group provided it is not formed for the purpose of buying insurance. The cost is lower than for individual policies because administrative expenses per life are decreased, there are certain tax advantages, and measures taken against adverse selection are effective. See also Franchise Insurance, True Group, and the first definition of Master Policy. (LI)
Term life insurance: Level term life insurance • Group term life insurance • Decreasing term life insurance • Renewable term life insurance • Convertible term life insurance • Annual renewable term life insurance • Veterans group life insurance • Servicemembers group life insurance
Permanent life insurance: Whole life insurance • Universal life insurance, Variable life insurance, Variable universal life insurance, Mortgage life insurance, Burial insurance, Group life insurance, Survivor life insurance
by region: India • United States
See also: Health insurance • Property insurance • Liability insurance • Auto insurance • Business insurance • Travel insurance
