Group life insurance is often the primary or only life insurance for many people, provided by employers at no cost. Employees can supplement this with additional group term life insurance. This course covers why employers offer life insurance, components of group plans (eligibility, benefits, premiums, dependent coverage), and key concepts (beneficiary designations, settlement options, taxation). It focuses on group term life insurance but also discusses group whole life and universal life insurance.

• provide an overview of group life insurance plans
• describe the advantages and disadvantages of group life insurance to employers and employees
• examine the characteristics common to group life insurance plans including beneficiary designations, settlement options and taxation issues
• detail group term life insurance plans' eligibility requirements, benefits schedules, conversion rights and portability
• cite the characteristics of group permanent life insurance policies understand why employers offer supplemental group term life insurance