Features: Group life insurance is typically offered by employers or associations to provide life insurance coverage to their employees or members as part of a benefits package. Group policies often offer basic coverage at little or no cost to the insured, with the option to increase coverage at a group rate. Coverage is generally less expensive than individual life insurance policies due to the group purchasing structure.

Coverage: Provides a death benefit to the beneficiary if the insured person passes away while the policy is active. Coverage can sometimes be continued if the employee leaves the company, but terms vary. In many cases, group life insurance is term-based, meaning coverage lasts as long as the individual is part of the organization or until the term expires.