Group Life Insurance

DLC Home|Webinars|Continuing Education|HR Resources|College Instructors|Training History|Order History

1230

Term: Group Life Insurance

Definition:Group life insurance is part of an increasing number of workplace benefit packages. Most group life insurance policies offer term life coverage, but individual states in the U.S. usually insist that companies allow employees to change their life insurance policies from term to permanent when employees leave their jobs. The individuals then pay premiums to the insurer. Federal requirements for group life insurance include: (1) The policy must provide a general death benefit. (2) The policy must cover a "group of employees." (3) The policy must be carried directly or indirectly by the employer. (4) The amount of insurance must be computed under a formula precluding individual selection.

To find keyword content within a course, select the course link below.

CoursePage Number
50 - Employee Life and Disability Insurance 2
21 - Compensation for Business Leaders 23
FAQs Policies
World at Work
CPE Sponsors - Registry
CPE Sponsors - QAS
CAC
CCC

The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®