What Does Group Life Insurance Cover? 
Group Life Insurance covers Death , just like any other Life Insurance Policy . So when the beneficiary presents a Death Certificate to the Life Insurance Company , they will cut them a check for the specified amount . Most Group Life Insurance is not what is called `` portable '' , meaning that you have the option to continue coverage after your employment ends with that company . If your Group Life Insurance is extremely cheap , then it is most likely true Group Life coverage and will not be portable if you were to change jobs . Some companies offer `` Voluntary Life Insurance '' or `` Individual Group Policies '' that do transfer with you when you change jobs . Often these policies have simplified or less stringent underwriting , so they can be good opportunities for people with more serious health conditions . Just remember to always ask if the policy is `` portable '' or not when you change jobs . If it is not , it is highly recommended that you secure an Individually Owned Policy . 