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Understanding Group Life insurance coverage

Group insurance can be defined as insurance coverage to get a new quantity of people under a new single get good at contract or master policy. right now there are many variations among group and individual insurance policies, actually though the overall purpose of the two is the same: prevention from monetary loss.

The most common type of group insurance can be given by an employer, who might be displayed a get good at contract by the insurer, and all qualified employees receive a certificate of insurance. This certificate summarizes the coverage offered because nicely because particular rights within the policy.

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