What type of insurance is typically issued as group life insurance?

Group life insurance is commonly associated with level term insurance. This type of insurance provides coverage for a specific period and helps ensure that the face value remains constant throughout the term of the policy. In a group setting, such as with employers offering life insurance to employees, the coverage is typically predictable, uniform, and generally does not require individual underwriting, making level term insurance a practical choice.

Whole life and universal life insurances, while they can be offered in group settings, usually involve more complex structures concerning premiums and cash value, which may not be suitable for every group scenario. Variable life insurance, being investment-oriented and varying in cash value due to market performance, is less likely to be issued to groups as a standard offering compared to the straightforward nature of level term insurance. Thus, level term insurance stands out as the most typical form found in group life insurance policies.