What Is Group Term Life Insurance? Your Complete Guide to Understanding Employee Benefits
Description
Confused about how group term life insurance at work actually protects your family?
You’re not alone.
Employer-sponsored coverage is often the cheapest, easiest way to get life insurance—if you know what it includes and what it doesn’t.
In this episode of Your Path to Prosperity, we break down group term life so you can use your workplace benefits with confidence.
Tune in to learn:
Why employers offer it: low-cost coverage, simple payroll deductions, and easy enrollment (often no medical exam for basic amounts)
Exactly what’s covered: common defaults like 1× salary (or a flat amount), optional supplemental coverage, and what happens if you leave the job
How enrollment & beneficiaries work: eligibility, evidence of insurability for higher amounts, and keeping beneficiary designations up to date
Insider tips: estimate your true coverage need, add supplemental wisely, check portability/convert-to-permanent options before you change jobs
Because your workplace benefit should be a foundation—not your entire safety net.
Want More Info? Read (or listen to) the full article:
https://wealthopedia.com/insurance/life-insurance/what-is-group-term-life-insurance/
United States
