“Group life insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/group%20life%20insurance. Accessed 28 Dec. 2024. Copy Citation Share Post the Definition of group life insurance to Facebook Facebook Share the Definition of group life insura...
A definition of the term "group life insurance" is presented. It refers toa life insurance policy that covers a number of people, for example, members of an association or club, or a group of employees at a company.EBSCO_bspBloomsbury Business Library - Business & Management Dictionary...
Define Group policy. Group policy synonyms, Group policy pronunciation, Group policy translation, English dictionary definition of Group policy. n. Insurance purchased by a group of persons, such as the employees of a company, often at a reduced individu
Life Insurance Policyhas the meaning given in Section 6.11. Group long-term care insurancemeans a long-term care insurance policy which is delivered or issued for delivery in this State and issued to: Co-insurancemeans the percentage of the usual, reasonable, customary, and fair market value ex...
grouplet group life insurance See More Nearby Entries Cite this Entry Style “Grouplet.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/grouplet. Accessed 1 Jan. 2025. Copy Citation Share...
1. (Insurance) a. the act, system, or business of providing financial protection for property, life, health, etc, against specified contingencies, such as death, loss, or damage, and involving payment of regular premiums in return for a policy guaranteeing such protection b. the state of ...
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 ...
Definition of Group Life Insurance Group life insurance is a type of life insurance that provides coverage to a group of individuals who share a common affiliation, such as employees of a company or members of an organization. It is a benefits package offered by employers to their employees, ...
Looking for online definition of group in the Medical Dictionary? group explanation free. What is group? Meaning of group medical term. What does group mean?
Group term life insurance covers not just you but your co-workers. You’re covered by the policy for as long as you’re employed by the company. These policies aren’t necessarily the same from one company to the next, however. Employers can determine the size of their death benefit, whe...