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Group Life Insurance
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Group life insurance is usually offered as part
of a "menu" of employee benefits, such as group
health, group life, or group long-term and
short-term disability insurance.
Some employers automatically will issue
group life insurance. Other employers may be
willing to pay only a certain amount of money
for benefits, and employees will be able to
choose which benefits they receive.
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A business with as few as two employees may
offer a group life insurance plan. But,
generally, employers don't offer group life
insurance as part of a benefits package until
they grow to at least 10 to 15 employees,
according to Ann Bryan, vice president of group
insurance for Aetna U.S. Healthcare.
Source: AllBusiness Newsletter
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