group life insurance

group life insurance definition - business

group life insurance

Life insurance coverage for an organization's employees or members. Group life insurance is generally term insurance with no cash buildup.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.