In a Noncontributory Group Term Life Plan?

Noncontributory - Group life insurance plans are those in which the employer pays the entire premium and the employee supplies no portion of the premium costs. Employers have the option of contributing to the employees' premium payments in part or in full.

What is a group term life insurance plan?

Group term life insurance is essentially the same as individual one year renewable term insurance except it is sold on a group basis. It provides a lump-sum death benefit payable to the employee's designated beneficiary in the event of the employee's death from any cause while insured.

What is a trustee group life policy?

Definition. Trustee Group Life Insurance — a master group life insurance policy issued to a trustee for two or more employers in the same industry, for two or more unions, or for joint employer-union funds for the benefit of the employees or members.