Life insurance provides employees and their loved ones with financial protection when they need it most—to cover immediate final expenses, everyday living expenses, and long-term obligations in the event of a death. Group Life is often guaranteed so employees don’t have to fill out health questions or do an exam to get the coverage. The employees receive the coverage while they are employed and may have the option to take it with them when they leave. Group Life paid by the employer is the most economical way to purchase it and the cost is usually minimal compared to value it provides.