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Group life insurance is one of the most interesting policies for companies, since it is a fundamental service for their collaborators. Below, we will explain the relevant points of this topic.

What is group life insurance?

Group life insurance is an ideal policy for a group of associated people, who are part of groups, associations or organizations. The objective is to provide financial protection against multiple risk scenarios for physical integrity, the ability to work or for life itself.


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Generally, these types of services are used by companies ranging from SMEs to large companies, since it is possible to insure from 3 to 200 workers. All this based on the contract signed with the chosen institution.


How does the group life policy work?

It is important to take into account that this type of insurance is contracted on a temporary basis, so the insured are protected for a certain period of time defined at the beginning of the deal.

These are the most relevant points about the coverage of this life policy:


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Benefits of group life insurance

Group life insurance generates certain benefits or advantages for the company that acquires this service; below, we provide you with specific aspects of greater importance.


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LEX & CO is a law firm with more than 30 years of experience that accompanies you at all times to guarantee compliance with everything agreed in the group life insurance acquired by your company; If you require specific advice for your case, contact us now through our WhatsApp button, we will help you resolve all your doubts on this topic.

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