Group life insurance rates refer to the premiums charged for group life insurance policies, which provide life insurance coverage to a group of people, typically employees of a company or members of an organization. These rates are determined by factors such as the age, health, and occupation of the group members, as well as the size of the group and the amount of coverage provided.
Group life insurance can provide several benefits for both employers and employees. For employers, it can help to attract and retain employees, as well as improve morale and productivity. For employees, it can provide peace of mind knowing that their families will be financially protected in the event of their death. Additionally, group life insurance rates are often lower than individual life insurance rates, making it a more affordable option for many people.
