Group term life

Voluntary group term life is simply life insurance that is offered to a group of employees on a voluntary basis and that is 100% employee-paid. Because it is offered to a group of individuals, the cost is often more economical than if an individual employee were to purchase the same amount of coverage on their own.

Additionally, because this coverage is offered through the employer, the employee is able to conveniently make their premium payments through payroll deduction.