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Insurance & Risk Management
14. Chapter 16: Employee Benefits—Group Life and Health Insurance/Group life insurance plans
14. Chapter 16: Employee Benefits—Group Life and Health Insurance Illustration
Syllabus Slides

Group life insurance plans

01.Core Concepts

Most plans also provide group accidental death and dismemberment (AD&D) insurance Pays additional benefits if the employee dies in an accident or incurs certain types of bodily injuries The benefit is some multiple of the group life insurance benefit The full benefit, called the principal sum, is paid if the employee dies in an accident ‹#›