group life insurance

  • Life insurance issued (usually without medical examination) to a group of persons with related interests. It is usually issued to an employer covering his employees. A master policy is issued to the employer, and individual members of the group receive certificates as evidence of their insurance.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).