Group Life Insurance Defined: A basic employee benefit under which an employer buys a master policy and issues certificates to employees denoting participation in the plan. Group life is also available through unions and associations. It is usually issued as yearly renewable term insurance although some provide permanent insurance. Employers may pay all the cost, or share it with employees.
Working with a knowledgeable, proactive agency can save you time and money on your Group Life Insurance coverage. BIG's strong market representation and years of experience ensures you are making the right choice for your business insurance needs.