Which entities typically offer group life insurance?

Group life insurance is typically offered by businesses, associations, and unions as a way to provide coverage to a group of people under one master policy. This type of insurance is designed to cover employees or members, which makes it more affordable compared to individual life insurance. Since the risk is spread across a larger group, it can result in lower premiums for participants.

When employers or organizations offer group life insurance, they often provide it as part of an employee benefits package or as part of membership in an organization, encouraging participation and enhancing the value of being part of that group. Additionally, the administrative responsibilities tend to be lower compared to individual life insurance policies, as the employer or organization typically manages the enrollment and maintenance of the plan.

While government agencies may provide or facilitate some benefits, the primary providers of group life insurance are not typically categorized as such. Individual contractors and insurance brokers also do not typically provide group coverage since they generally deal with individual policies rather than group plans.