What Is Group Life Insurance? 
Group life insurance is life insurance provided through your place of employment . Your employer might pay the premium , or you might pay the premium , or a combination of the two . Life insurance is subject to ERISA and there are tax consequences for amounts beyond $ 50,000 . Sometimes you can take the policy with you -LRB- it is portable -RRB- , and sometimes your life insurance ends when your employment ends . It is a good idea to have a privately owned policy in addition to group life insurance , as you never know if you will be able to qualify for one in the future . 