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Group life insurance is life insurance that covers an affiliated group of individuals, typically employees of a small business or members of an organization, who can be covered under a single master contract. Group life insurance offers valuable benefits for both the administrators of the group and the members of the group.
The primary benefit reduces the combined cost of everyone insured; making coverage for each member more affordable than it would be with individual life insurance policies.
Group life insurance can be made available to members of a small business providing the minimum number of employees participate. SW Financial Concepts is available for consults to discuss your small business acceptance to group life insurance.
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