Group Life Insurance

Group life insurance is offered by an employer to its employees. It is typically inexpensive and does not require you to submit to individual underwriting if you apply during your guarantee issue period. The typical group policy is for term life insurance that is renewable each year with the company's open enrollment process. The death benefits are generally limited. However, some employers may offer supplemental life insurance that you could purchase in addition to the group life policy. Keep in mind that most group life policies END when you leave employment!