Group life insurance

Group life insurance,

Definition of Group life insurance:

  1. Group life insurance is a single contract for life insurance coverage that extends to a group of people. By purchasing group life insurance policy coverage through an insurance provider on a wholesale basis for its members, companies are able to secure costs for each individual employee that are much lower than if they were to purchase an individual policy.

  2. Group life insurance is offered by an employer or another large-scale entity, such as an association or labor organization, to its workers or members. It is fairly inexpensive, may even be free, and is pretty common nationwide. It has a relatively low coverage amount and is typically offered as a piece of a larger employer or membership benefit package.

  3. Life insurance coverage provided to a group of people, most often employees of the same company. These policies carry a lower cost than the policies offered to individuals, due to the tax cuts offered to the insurer, the use of adverse selection, and the sharing of expenses.

How to use Group life insurance in a sentence?

  1. Group life insurance is fairly inexpensive and may even be free.
  2. Group life insurance is offered by an employer or another large-scale entity, such as an association or labor organization, to its workers or members.
  3. Some organizations require group members to participate for a minimum amount of time before they are granted coverage, which is generally pretty basic.

Meaning of Group life insurance & Group life insurance Definition

Group Life Insurance,

Group Life Insurance Meanings:

  • The definition of Group Life Insurance is: Employers or other large organizations such as B-labor unions or labor organizations provide group life insurance to employees or their members. It is reasonably priced, even available for free and is widely available throughout the country. It has relatively little coverage and is usually offered by the employer or member benefits as part of the package.

    • Employers or other large companies, such as B-labor associations or labor organizations, provide group life insurance to employees or their members.
    • Group life insurance is relatively inexpensive and can be free.
    • Some organizations require group members to be present for a minimum period of time before receiving coverage, which is usually very convenient.

  • Life insurance programs that include natural members of the group, e.g. B. Employees of companies or members of unions, associations or groups of owners. Group life insurance plans usually offer an annual renewable life insurance policy, but some plans offer permanent life insurance policies. Collective life plans generally do not require a physical examination and the cost of participants is lower than individual plans that offer the same benefits.

  • The definition of Group Life Insurance is: This type of life insurance covers a group of people under a contract. Most collective agreements are sold to companies that want to offer life insurance to their employees. Group life insurance policies can also be sold to associations and credit institutions to protect their members so that they can protect their debit loan amount. Most group policies are related to life insurance. Typically, the company issues a framework policy and everyone in the group receives a certificate of insurance.

  • Group life insurance is life insurance where a contract covers an entire group of people. Policyholders are usually employers or affiliates and life insurance is the most common type of group insurance. Find out about group life insurance offered by employers.

  • A simple definition of Group Life Insurance is: Life insurance for a group of people under an employment contract, in principle, without a medical examination. It is usually issued to employers for the benefit of employees or members of associations, such as professional groups. Individual members of the group have certificates as proof of insurance.

  • Group Life Insurance means: Life insurance, which is usually for a group of people under a framework agreement, does not require a medical examination. Usually issued to employers for the benefit of employees or association members, such as a professional membership group. Individual members of the group have certificates as proof of insurance.

  • You can define Group Life Insurance as, Life insurance, which employers (or large organizations) usually offer to their employees. Employers often offer group life insurance as part of a larger benefit package.

Literal Meanings of Group Life Insurance

Group:

Meanings of Group:
  1. Find them or put them in one or more groups.

  2. Multiple people or nearby objects either seen or arranged together

Sentences of Group
  1. These bodies are divided into four different groups

Synonyms of Group

sort, category, grouping, batch, kind, gather together, type, set, classification, family, cluster, mass, collect, style, variety, breed, class, clump, assemble, bunch, amass, bracket, lot, genus, species

Life:

Meanings of Life:
  1. A state that distinguishes animals and plants from non-essential substances, including growth, reproduction, active activity, and the ability to make permanent changes before death.

  2. (In art) representing an article based on the original model and not the artist's imagination.

Sentences of Life
  1. He lived his whole life in this country

  2. Pose and clothes inspired by life

Synonyms of Life

one's career, gusto, colour, animateness, energy, creature, course of life, this mortal coil, being, exuberance, animation, activity, buoyancy, fire, days, enthusiasm, time on earth, mortal, push, elan, vitality, vigour, zest, soul, vivacity, panache

Insurance:

Meanings of Insurance:
  1. The process or arrangement under which a company or government agency guarantees certain damages, injuries, illnesses or deaths in exchange for premium payments.

  2. Anything that provides protection against possible emergencies.

Sentences of Insurance
  1. Adherence to high standards of personal conduct is the best protection against personal problems.

Synonyms of Insurance

immunity, defence, security, cover, indemnity, shelter, surety, precaution, indemnification, provision, financial protection, safeguard, safety measure, preventive measure, protection

Group Life Insurance,

What is The Definition of Group Life Insurance?

  • Employers or other large companies, such as associations or companies that have legal obligations, offer their employees or members group life insurance. It's reasonably priced, even free, and widely available throughout the country. It has relatively little coverage and is usually offered as part of an employer or associate benefits package.

    • Group life insurance is provided by employers or other large companies such as the B-Association or the law, their employees or members.
    • Group life insurance is relatively inexpensive and can be free.
    • Some organizations require group members to rush for short-term coverage, which is usually very easy.

  • Life insurance program that includes natural members of the group, e.g. B. Employees of companies or members of unions, associations or groups of employers. Group life plans usually offer annual life insurance, but some plans offer permanent life insurance. Group life plans generally do not require a physical examination and cost participants less than individual plans that offer similar benefits.

  • Group Life Insurance can be defined as, This type of life insurance provides coverage to a group of people under an agreement. Most collective agreements are sold to companies that want to offer life insurance to their employees. Group life insurance can also be sold to liberal professions to cover their members and repay their debts to creditors. Most group policies are related to life insurance. Typically, the company issues a framework policy and each group in the group receives a certificate of insurance.

  • You can define Group Life Insurance as,

    Group life insurance is life insurance where one contract covers a whole group of people. Policyholders are usually employers or members, and life insurance is the most common type of group insurance. Learn about group life insurance offered by employers.

  • Group Life Insurance can be defined as, Life insurance, usually without a medical examination, for a group of people under central policy. Usually issued to employers for the benefit of employees or members of an association, such as a professional membership group. Individual members of LD Group are certified as proof of insurance.

  • You can define Group Life Insurance as, Life insurance, which usually does not require a medical examination, for a group of people under an employment contract. Usually issued to employers for the benefit of employees or members of an association, such as a professional membership group. Individual LD ​​Group members are certified as proof of insurance.

  • Life insurance is usually offered by employers (or large organizations) to their employees. Employers often offer group life insurance as part of a larger benefit package.

Literal Meanings of Group Life Insurance

Group:

Meanings of Group:
  1. A series of people or things that are located, grouped together or grouped together.

  2. A series of elements occupy a column in a periodic table and, due to their similar electronic structure, have mostly similar features.

  3. A combination of elements with associative binary operations in which each element and the identifying element are reversed.

  4. (In systematic grammar) The structural level between sentences and words that is largely consistent with other grammar sentences.

  5. Put in one or more groups.

Sentences of Group
  1. A group of boys is approaching.

  2. Three chairs were gathered around the table.

Synonyms of Group

party, band, arrange, grading, rank, congregation, assembly, organize, flock, grade, body, troop, crowd, gathering, pack, collection, company, marshal, gang, range, status, dispose, line up

Life:

Meanings of Life:
  1. Conditions that distinguish animals and plants from inorganic matter, including growth, reproduction, active activity, and permanent changes before death.

  2. The period between the birth and death of living things, especially humans.

  3. Strength, power or energy.

  4. (In art) the subject is represented according to a real model and not according to the imagination of an artist.

Sentences of Life
  1. The disaster killed 266 people.

Synonyms of Life

brio, bustle, one's born days, vital spark, survival, zip, verve, individual, drive, lifetime, quintessence, sentience, life force, spiritedness, essence, liveliness, core, threescore years and ten, entity, existence, stir

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Jacket hanging on the back of the chair, protected against air conditioning.

Synonyms of Insurance

warranty, (financial) protection, guarantee, backstop, assurance

Group Life Insurance,

What Does Group Life Insurance Mean?

  1. Employers or other large companies, such as associations or companies with legal obligations, offer group life insurance to their employees or members. It's reasonably priced, can be free, and is widely available nationwide. Insurance coverage is relatively low and is usually offered as part of a larger package of benefits for employers or members.

    • Employers or other large companies, such as associations or companies with legal obligations, offer group life insurance to their employees or members.
    • Group life insurance is relatively inexpensive and can be free.
    • Some organizations need to rush group members for a short period of time to get coverage, which is usually quite easy.

  2. A life insurance program that includes natural members of the group, e.g. B. Employees of companies or members of unions, associations or groups of employers. Group life plans usually offer annual life insurance, but some plans offer permanent life insurance policies. Collective life plans generally do not require a physical examination and cost participants less than individual plans that offer the same benefits.

  3. Life insurance, usually without a medical examination, for a group of people who are covered by the central policy. It is usually issued to employers for the benefit of employees or members of an association, such as a professional membership group. Individual members of the LD Group are certified as proof of insurance.

  4. Group Life Insurance definition is: Life insurance for a group of people under an employment contract, which usually does not require a medical examination. It is usually issued to employers for the benefit of employees or members of an association, such as a professional membership group. Individual members of the LD Group are certified as proof of insurance.

  5. Group Life Insurance can be defined as, Life insurance is usually offered to your employees by employers (or large organizations). Employers often offer group life insurance as part of a larger benefit package.

  6. This type of life insurance provides coverage to a group of people under an agreement. Most collective agreements are sold to companies that want to offer life insurance to their employees. Group Life Insurance can also be sold to liberal professions to cover the debts of its members and creditors. Most group policies are related to life insurance. Typically, the company issues a framework policy and everyone in the group receives a certificate of insurance.

Literal Meanings of Group Life Insurance

Group:

Meanings of Group:
  1. A series of people or things that are located, brought together or classified together.

  2. A series of elements that occupy a column in a periodic table and, due to their identical electronic structure, share mostly identical features.

  3. A set of elements with associative binary operations in which each element and identification element is reversed.

  4. (In systematic grammar) The structural level between sentences and words that is almost identical to other grammar sentences.

Sentences of Group
  1. There were three chairs around the table.

Life:

Meanings of Life:
  1. Vitality, strength or energy.

  2. The representation of an article (in art) is based on a real model and not on the imagination of an artist.

Sentences of Life
  1. Disaster in which 266 people were killed.

  2. He has spent his whole life in this country.

  3. Life-inspired poses and clothes

Synonyms of Life

creation, animating spirit, strength, allotted span, living, vim, duration of life, aliveness, business, human being, lifeblood, get-up-and-go, bounce, viability, moving force, zing, one's time, oomph, sparkle, pizzazz, high spirits, élan vital, hustle and bustle, person, dash

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in return for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. Jacket hanging behind the seat, protected from air conditioning

Group Life Insurance,

Group Life Insurance means,

Group Life Insurance

Insurance provided by an employer that allows an employee to choose the benefits to be paid to a designated beneficiary when hiring an employee.

Literal Meanings of Group Life Insurance

Life:

Synonyms of Life

moving spirit, effervescence, movement, dynamism, life span, substance, vital spirit, heart, pep