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LSDefine

Simple English definitions for legal terms

group life insurance

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A quick definition of group life insurance:

Group life insurance is a type of insurance that some employers offer to their employees. It provides a set amount of coverage based on the employee's salary, and the employer usually pays for it. Sometimes, employees can pay for extra coverage. The employer owns the policy, and it usually only lasts as long as the employee works for the employer. Group life insurance is often cheaper than individual policies and doesn't require a medical exam, but it can't be transferred to another job.

A more thorough explanation:

Group life insurance is a type of insurance that is offered by employers or other organizations to their employees. It provides a set amount of coverage based on the employee's salary, and the employer usually pays the deductible for the policy. Employees may also have the option to pay for additional coverage through the employer's policy.

Unlike individual life insurance policies, the employer or organization is the owner of the policy, and the coverage only lasts as long as the employee works for the employer. This type of policy is usually cheaper than individual policies and does not require medical considerations.

For example, if an employee earns $50,000 per year and the employer offers group life insurance coverage of two times the employee's salary, the employee would receive $100,000 in coverage. If the employee were to pass away while employed by the company, their beneficiaries would receive the $100,000 payout.

However, group life insurance policies usually do not include investment opportunities, and employees cannot transfer the coverage to another job. Therefore, employees may benefit from long-term individual policies instead.

group insurance | Grutter v. Bollinger (2003)

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@JumpySubsequentDolphin: LITERALLY I also just applied to work at garage cuz 50% EMPLOYEE DISCOUNT
m10
20:43
Or legacy collection v1
JumpySubsequentDolphin
20:43
@SplitterusClitterus: GARAGE JEANS FIT ME SO WEIRDLY WHICH SUCKS BC THEYRE SO CUTE
m10
20:43
The cool thing about V2 was it was an infinitely generating collection so they would have never sold out but they ended it early cus of the bear market.
@JumpySubsequentDolphin: NAURRR i need to try them on to see. ive never owned anything from them exceot maybe a tank in middle school?? but ive been a longtime lurker/windowshopper/fan
JumpySubsequentDolphin
20:45
SPLITTY if their jeans fit on my thighs they’re too big on my waist!!! it’s so frustrating
NOOO THEIR WHITE GIRL JEANS actually idk why im surprised
THEYRE**** THAT WAS AUTOCORREXT I SWEAR
babycat
20:46
@m10: infinitely generating means it comes up with new pictures? or new copies of the same pictures?
JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
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