What Is Group Universal Life Insurance?

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    Peggy MacePRO
    Most of the U.S.
    Group Universal Life insurance is a flexible, permanent type of life insurance policy offered by employers to employees at group rates. Universal Life should be a portable plan, because the purpose of Universal Life is to last beyond a few years, and keep for the rest of your life, if possible. It can offer employees death benefit protection along with the opportunity to grow cash values tax deferred.
    Answered on September 12, 2013
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