Group Life Insurance

Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner (or policy payer) agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.

As with most insurance policies, life insurance is a contract between the insurer and the policy owner (policyholder) whereby a benefit is paid to the designated Beneficiary (or Beneficiaries) if an insured event occurs which is covered by the policy. To be a life policy the insured event must be based upon life (or lives) of the people named in the policy.

Insured events that may be covered include:

  • Serious illness

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; for example claims relating to suicide, fraud, war, riot and civil commotion.

Life based contracts tend to fall into two major categories:

  • Protection policies - designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance.
  • Investment policies - where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the US anyway) are whole life, universal life and variable life policies.

IRC section 79 provides an exclusion for the first $ 50000 group term life insurance coverage under a policy carried directly or indirectly by an employer. There are no tax consequences if the total amount of these policies does not exceed $ 50000.

Unum Group and its Worcester-based Paul Revere Life Insurance Co. were ordered by a Nevada jury to pay $60 million after appealing a 2004 verdict of $11.6 million to a venture capitalist who sued over the denial of a disability claim, said a lawyer representing the plaintiff.

Information all aspects of Insurance. Health, Life, Individual & Family, Group Health, Dental, Seniors, Automobile, Long Term Care & Homeowners

There probably isn’t any group in the IT department that has to address the question, “What have you done for me lately?” more often than the Web designers. The life insurance carrier New York Life upgrades its Web site about a half-dozen times a year, according to Ken Hittel, vice president of the corporate Internet department for the carrier.

Innovative Asset Advisory Group helps seniors between the age of 65 and 89 obtain life insurance with little or no cash out of pocket, by providing funding and expertise. Our clients have a legitimate need for life insurance to solve estate planning issues. Visit us at www.Innovativeaag.net for details. After 2 yrs the policy can be sold for profit

Information on Clientele Life which is part of the Hollard Insurance Group.

Liberty Life Insurance is a member of the Standard Bank group and claims to be the 3rd largest life insurance office in South Africa.

TheLifeInsuranceGroup.com launches its new business to help purchasers of life insurance meet needs and goals threw affordable life insurance. heLifeInsuranceGroup.com introduces different types of life insurance products and what they can do for your personal financial plan.

In an exclusive partnership between Nationwide Insurance and The Smiley Group, “Tavis offers a powerful message encouraging individuals to take control of their life and take personal responsibility for their financial future,” said James Lyski, chief marketing officer for Nationwide.

HSBC bank has admitted losing a server containing transaction data on 159,000 Hong Kong-based account holders. It happens just a few weeks after the group admitted they lost a computer disc with details of 370,000 customers of bank’s life insurance offices in Southampton.

Washington, DC (LifeNews.com) -- The Senate voted 95 to 0 to pass the Genetic Information Nondiscrimination Act on Thursday, which bars employers and health insurers from discriminating against individuals on the basis of their own or their family members’ genetic information. Pro-life groups say the bill helps protect the disabled.

No medical exam life insurance is a creative form of life insurance that allows people from all age groups and walks of life to pursue the life insurance coverage that they need without the insurance...

term life insurance quotes,Life insurance is vital for everyone but certain groups rely on it more than others. People who are self-employed are at particular risk if they are not fully covered as the benefits they receive will be reduced....more

Kclife Insurance ,a life insurance company Offers clients a variety of individual life insurance and annuity products, group life insurance and small life reinsurance,investment & banking services.

Aviva Insurance is the largest insurance company in UK and the world's fifth-largest insurance group that offers customers life insurance,auto insurance,long term care insurance,investments ,saving products.

Allianz Life Insurance is A primary company of the Allianz Group that offers clients life insurance,long-term care insurance,annuities and and healthcare excess of loss products.

Life insurance is vital for everyone but certain groups rely on it more than others. People who are self-employed are at particular risk if they are not fully covered as the benefits they receive will be reduced. Self-employed people will not receive any sick pay should they fall ill so everything relies on their well-being.

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Farmers group's slogan is "Gets you back where you belong."Clients could find agent near you at www.farmersagent.com.The website offers a wide variety of calculators for auto,homeowner,financial,life insurance,persoanl finance calculation.The tools and advice on the websites is very userful.

Learn about medical, dental, disability, life and vision insurance products offered through Principal Life Insurance Company, a member of the Principal ...

Learn about medical, dental, disability, life and vision insurance products offered through Principal Life Insurance Company, a member of the Principal ...

Dental insurance has become a necessity in day-to-day life, as the risks associated with dental treatment are increasing. Dental insurance is available for individuals and groups. Insurance packages provide compensation for the damages involved.

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In October, Catholics United, “a non-profit, non-partisan organization dedicated to promoting the message of justice and the common good found at the heart of the Catholic Social Tradition,” launched an ad campaign targeting “pro-life Christian” politicians who voted against expanding the State Children’s Health Insurance Program (SCHIP).

Group critical illness insurance can be viewed as a combination of group benefits and critical illness policies. This type of benefit is seen as an excellent complement to Group life schemes and can provide a very attractive solution for employees. This article is a good walkthrough and provides all the necessary information needed to know about th

Group Life Insurance

Information about all Life Insurance programs administered and supervised by VA ... Our insurance programs were developed to provide insurance benefits for veterans and service ...

Life Insurance (U.S. Department of Veterans Affairs)

Discusses the circumstances under which employer-provided group term life insurance will be nontaxable.

Group-Term Life Insurance

This is the home page of the Federal Employees' Group Life Insurance (FEGLI) program, which provides life insurance for U.S. Government employees and retirees.

FEGLI Home Page

GROUP LIFE INSURANCE. Plan Administrator . Minnesota Life Website ; Program and Enrollment Information . Paycheck Stuffer - 11/09/07 (.pdf) Enrollment Packet (.pdf) Online ...

Statewide Benefits Office - Statewide Benefits - Group Life Insurance

As a fundamental element of any benefits package, Group Life insurance helps protect employees and their loved ones from financial hardships related to an untimely death.

Group Life Insurance

We make it easy for members of APSIT sponsoring organizations to buy quality insurance protection at affordable group rates.

APSIT - Home

When you become employed in a permanent, salaried position with a participating employer, you are automatically covered under the Basic Group Life Insurance program provided by ...

VRS - Basic Group Life Insurance Program

Zander Insurance is an independent insurance brokerage agency, and Dave Ramsey’s choice for term life and disability insurance. Instant quotes online.

Zander Insurance Group - Term Life Insurance - Disability Insurance

Information about the group life insurance coverages we offer large and small businesses in Florida.

FL Group Life Insurance

LifeBenefits ... 2007 Securian Financial Group. All rights reserved. Variable Products are distributed by Securian Financial Services, Inc.

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Group Life Insurance illustration