At first, group life insurance was offered to employees, offering a relatively small face value at a low price. The idea was that the insurance companies could rely on statistical tables across a group of insured people to give them a return on the group investment. Today, group life insurance is available through employers, as part of clubs and organizations, or even as part of a wider group through televisions, radio, and Internet marketing.
Start on this website, looking at free life insurance quotes for group life insurance coverage. That will give you an idea of what the policy is going to cost, and present you with some comparisons from leading competitors. With that information in hand, you are ready to either buy the policy you need or take the search to the next level. If you find a company that you want to buy from, you can apply at the click of a button to get the process going.
Check with your employer to find out if group life insurance is available through that source. Some employers will contribute a portion of the premiums, so you could get a policy cheaper without giving up value. If that option is not available, group life insurance is also offered by organizations such as the Sam's Club, AARP, and even AAA. Some credit unions also make group life insurance available to their members. Failing that, keep an eye out for group life insurance ads online or TV.
Keep in mind that most group life insurance plans have fixed face values and restrictions on how the policy can be used, especially compared to a universal or variable life insurance policy. On the other hand, many group life policies may not require a medical exam, and that could be the key to getting a policy for many people. If you are purchasing the policy as a financial tool, other types of permanent policies have more to offer, but if you want guaranteed coverage at a low cost, group policies may be the right path for you.