3.1.3 Group Insurance
Group life insurance is as its name implies - coverage for specific "groups." Typical covered groups include membership organizations, associations, unions, employee plans, and credit life protection. One basic contract (called the master policy) covers all individuals in a group and therefore does not allow for discrimination in any sense of the word. Covered individuals receive a certificate of coverage.
Group life insurance will be addressed in detail in Lesson 6, Group Life Insurance.
