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Group Life Insurance is usually offered by business owners to employees to allow them to leverage the buying power of a larger group or population. Providing group life insurance is an economical way for employers to offer this benefit to many employees.
Insurance companies can offer employers attractive discounts on group life insurance policies because the fixed costs to administer the program can be spread out over a larger number of life insurance policies.
The types of group life insurance can include:
Other forms of this term include -group life |
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