Group permanent life insurance

Term · Insurance and risk management · MLC-T-INS-001680

A form of life insurance provided to a group, typically employees, that offers permanent coverage rather than term coverage. This type of policy builds cash value over time and remains in force for the insured's entire life, provided premiums are paid. It combines features of individual whole life policies with the administrative efficiencies of group plans.

Table 1. Record
Identifier	MLC-T-INS-001680
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001680",
  "term": "Group permanent life insurance",
  "field": "Insurance and risk management",
  "definition": "A form of life insurance provided to a group, typically employees, that offers permanent coverage rather than term coverage. This type of policy builds cash value over time and remains in force for the insured's entire life, provided premiums are paid. It combines features of individual whole life policies with the administrative efficiencies of group plans.",
  "url": "https://mlchart.com/terminology/insurance/group-permanent-life-insurance/"
}

Record 1,601 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.