What is one advantage of group life insurance purchased through an employer?

One significant advantage of group life insurance purchased through an employer is that it often does not require medical examinations for coverage. This feature makes it accessible even to those who may have pre-existing health conditions that would typically complicate the process of obtaining individual life insurance policies. Because the insurance is bundled for a group, the risk is spread across all members, allowing insurers to offer coverage without the need for individual health assessments. This can be particularly beneficial for employees who might otherwise find it difficult or impractical to secure life insurance on their own due to health concerns.

In contrast, while employer-sponsored plans can occasionally be cheaper than individual policies, this is not universally true, as costs can vary significantly based on numerous factors. Enrollment may also not be mandatory for all employees and is often a choice; some employers provide optional coverage, and employees can opt out. Lastly, while group life insurance can provide valuable benefits, such as converting the policy to an individual one after leaving the company, it typically does not include provisions for transferring benefits directly to a spouse upon death.