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Group Life Insurance is an insurance plan where a single agreement protects a group of people. This is usually set up by a company or labor establishment as part of a worker's total benefits plan. The life insurance plan protects all workers or associates of the company or establishment. In many cases, the price of group coverage is much lower than that you would spend on individual life insurance of comparable coverage.

The employer arranges for a life insurance policy (known as the "master contract"). All individuals covered under the plan get a certificate of protection. As with other types of lifetime insurance, group online life insurance allows you to name the policy beneficiary.

Group Life Insurance is typically offered as a term policy. It is usually on a yearly renewable basis. The cover is generally about 1 to 2 times your annual salary. Group term insurance stays in effect until your association with the employer ends or the period of insurance coverage ends. Usually, you are given the option to change your group insurance to an individual policy when the association with your employer ends.