group life insurance

American  

noun

1. a form of life insurance available to members of a group, typically employees of a company, under a master policy.

---

Etymology

Origin of group life insurance

First recorded in 1925–30

Example Sentences

As Generation Z and millennial workers challenge the concept of a traditional career and drive an increase in freelancing, the role of workplace group life insurance in long-term financial plans is likely to change.

From Seattle Times • Sep. 15, 2021

Plus, basic group life insurance may be free to employees, but it often tops out at one or two times a worker’s annual salary.

From Seattle Times • Sep. 15, 2021

As a general rule, departing executives who want to maintain the amount of their group life insurance should check rates in the marketplace and apply for individual coverage before they leave work.

From The Wall Street Journal • Aug. 7, 2015

The plan was modeled after a group life insurance system for nonmilitary federal employees that Congress enacted in 1954.

From Washington Post • Oct. 1, 2010

Affluent as he seems, most of his wealth may be locked in group life insurance and deferred retirement benefits.

From Time Magazine Archive