Life insurance provided on a group basis, usually for employees within a business organization, through a single master policy.

A form of life insurance covering a group of persons generally having some common interest or activity, such as employees of the same company or members of the same union or association. The laws of many states define the types of groups that may be covered and the minimum number of persons who may be defined by the group. Most group insurance is issued using yearly renewable term, without requiring medical examinations.

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. Coverage must be provided to all people who qualify on a class basis, regardless of individual considerations.

Group life insurance is life insurance that is usually offered through your place of work or other collective organizations of which you are a member. Group life insurance rates can be somewhat more affordable than those offered on an individual basis.

a form of insurance whereby individual lives of a group of persons, usually employees, are covered by means of a single or blanket policy. Such insurance is renewable on a year-to-year basis and does not accumulate in value (no cash surrender value is built up).

Life insurance issued to a group of people under a master contract (usually without medical examination). For example, an employer may offer group life insurance to employees as a benefit.

Life insurance provided on a number of persons in a single master contract. Physical examinations are not required, and certificates of insurance are issued to members of the group as evidence of insurance.

Life insurance available to employees through their employer on a master policy, usually without medical examination required.

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.

This type of life insurance provides coverage to a group of people under one contract. Most group contracts are sold to businesses that want to provide life insurance for their employees. Group life insurance also can be sold to associations to cover their members and to lending institutions to cover the amounts of their debtor loans. Most group policies are for term insurance. Generally, the business will be issued a master policy and each person in the group will receive a certificate of insurance.

Life insurance offered to members of a group, usually employees. The employee typically has a master policy and all employees are offered some coverage without any underwriting requirements. The premiums may be paid by the employer, the employee or both.

Insurance bought by an employer and offered to employees. The business takes on the role of policy holder, and the employees are the insured.

A type of insurance in which a group is covered--if you are part of the group, then you have insurance. Easily affordable and sometimes offered as part of an employee benefits package. Read more about Group Life Insurance.

Group Life is designed to pay a benefit, in either lump sum form or as a dependants' pension, on the death of the member.

Life insurance usually without medical examination, on a group of people under a master policy. It is typically issued to an employer for the benefit of employees, or to members of an association, for example a professional membership group. The individual members of the group hold certificates as evidence of their insurance

Life insurance plans often available at one's place of employment or through a particular organization. Term insurance is usually offered through these plans, but occasionally universal life policies are also available. Rates for group policies may be lower than rates for policies purchased individually. The master contract for this insurance is held by the employer or the organization rather than the employee or member.

A life insurance policy that insures a group of people. Group life insurance is often provided by employers as an employee benefit, or by a professional association for its members.