Who typically pays for group life insurance?

Group life insurance is a type of life insurance that covers multiple people, typically employees of an organization or members of a group. The employer or organization providing the insurance generally pays the premiums for the policy. This arrangement allows for lower premium costs per individual due to the spreading of risk among a larger group, resulting in cost savings for all members involved.

When an organization sponsors group life insurance, it often includes coverage as a benefit to employees, making it an attractive perk that can aid in employee retention and recruitment. Individual members usually do not pay for this coverage out of their own pockets, making it a significant advantage of group plans.

Government programs may provide certain types of life insurance under specific circumstances, but they do not typically serve as the primary payer for group life insurance policies offered by employers or organizations.