What is the Difference Between Group Life and Individual Life Insurance?
http://www.MurrayGRP.com/ - #78 - Group life insurance is a life insurance product that is provided by an employer. Sometimes the employer will cover the premium and other time group life is an optional benefit that the employee will purchase if they desire.
Individual life insurance is a product that you buy and own yourself that is separate from anything that has to do with your work.
Group life insurance can at time be slightly less expensive however there are many drawbacks and restrictions to a group life insurance policy that you must be aware of.
It is important to always consult a professional insurance agent about your specific insurance needs. Our team of insurance professionals at The Murray Group would be happy to answer any questions you have regarding your life insurance policy. Click the link above to visit our website and learn more.
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