What Is Group Term Life Insurance? 
Group Term Life Insurance is life insurance that is offered to employees through a business , or sometimes to members of other types of groups . The employer may pay for it , and then allow you to purchase additional insurance at group rates . If you buy group life insurance , be sure to find out whether it is `` portable '' at reasonable rates . Some of the saddest cases I have run across are persons who have relied on their employment for all the benefits , then have become disabled . Not only are their benefits lost , but they also can not qualify for affordable coverage in the private market . Having life insurance `` on the side '' can protect you , whether or not you have employee benefits . 