The death of an employee affects each person associated with a company. Group Life Insurance that' s part of your benefits package may be the only life insurance the employee has, in some cases. This is a very inexpensive addition to an employee benefit plan.

Group Life Insurance may be structured in many ways. Flat amounts for all employees, tiered benefit levels based upon job position, or to provide a multiple of the employee' s salary. Group Life Insurance can also be offered on a voluntary basis where employees may want to purchase additional coverage for themselves or family members.