Group life insurance is a type of life insurance coverage that is offered through an employer or other organization. Here are some pros and cons of group life insurance through work: Pros: Low cost: Group life insurance is often less expensive than individual life insurance policies because the risk is spread out among a large group of people. Convenience: Since group life insurance is offered through your employer, it’s easy to enroll and manage your coverage. No medical exam required: Many group life insurance policies do not require a medical exam, which can make it easier to obtain coverage, especially for those with pre-existing medical conditions. Guaranteed issue: With group life insurance, you may be able to obtain coverage regardless of your health status, as coverage is typically guaranteed issue up to a certain amount. Coverage amounts: Many employers offer a basic level of group life insurance coverage at no cost to employees, with the option to purchase additional coverage at a discounted rate. Cons: Limited coverage amounts: Group life insurance coverage amounts are often limited and may not be sufficient to meet your individual life insurance needs. Limited control over coverage: With group life insurance, you may not have as much control over your coverage as you would with an individual life insurance policy. Loss of coverage: If you leave your employer, you may lose your group life insurance coverage. Although some policies may allow you to convert to an individual policy, this can be more expensive. Lack of customization: Group life insurance policies are generally not customizable to meet your specific needs. No cash value: Group life insurance policies do not accumulate cash value like some types of individual life insurance policies.