How Does Group Universal Life Insurance Work?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Group Universal Life is offered to employees by businesses. Some employers pay for the coverage; in other businesses, the insurance is voluntary and paid for solely by employees. Group Universal Life Insurance policies (GULP) are permanent and can accumulate cash value. As such, they are usually portable, so that employees can take their coverage with them when they leave their jobs.
    Answered on July 28, 2013
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