Trustee group life insurance
Term · Insurance and risk management · MLC-T-INS-003387
A type of group life insurance policy issued to a trustee, who then holds the policy for the benefit of employees of multiple employers or members of an association. This arrangement allows smaller employers or groups to access group rates and benefits that might otherwise be unavailable. The trustee acts as the policyholder, managing the plan for the participating groups.
| Identifier | MLC-T-INS-003387 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003387",
"term": "Trustee group life insurance",
"field": "Insurance and risk management",
"definition": "A type of group life insurance policy issued to a trustee, who then holds the policy for the benefit of employees of multiple employers or members of an association. This arrangement allows smaller employers or groups to access group rates and benefits that might otherwise be unavailable. The trustee acts as the policyholder, managing the plan for the participating groups.",
"url": "https://mlchart.com/terminology/insurance/trustee-group-life-insurance/"
}
Record 3,521 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.