Sounds like a limit on what the group plan would pay out on any one event.
No. Group life does not belong to you.
group 2339
no
Group universal life insurance, which is a voluntary life insurance policy can be found through MetLife. Here one wil find all information regarding the insurance.
The group term life insurance works just as a regular life insurance company would but their premiums are lower and they are very fair with their monthly prices.
American General offers whole insurance, life insurance, group life insurance, annuities, and voluntary life insurance.
What happens to your Employee Group Life insurance investment after you retire from employment
There are very few exclusions in a life insurance policy so it should.
There is no limit to the number of life insurance policies that any one person can have. If you have more than one health policy, for example, you would not be able to file a claim on both policies for the same event - doctor's visit, surgery, etc.
The age limit for elderly life insurance will depend on the life insurance carrier with whom you are applying for coverage. Individual carriers establish this limit as a matter of company policy. Some carriers will not issue beyond 75, some 80. There are many carriers that will offer coverage up to age 90.
Elderly
Andrew Moss is the Group Chief Executive of Aviva Life Insurance.