Although not required by law, many employers offer life insurance to their employees. In addition to health, disability and accident insurance, life insurance can be an attractive recruitment and retention tool for employers that want to hire skilled (and perhaps older) workers.
The federal Fair Labor Standards Act (FLSA) does not address life insurance, travel accident insurance, or long-term care insurance. These benefits are generally a matter of agreement between an employer and an employee (or the employee's representative).
There are a variety of forms of life insurance, but as an employee benefit, life insurance is usually offered through group-term policies.
Individual Term policies pay benefits only if an insured individual dies during the policy’s term.
Group-term life insurance does not include the following insurance: