What is a defining feature of group life insurance regarding renewal?

Group life insurance is characterized primarily by its structure and management, and one defining feature is that it is almost always annually renewable. This means that, provided the group meets certain conditions and premiums are paid, the coverage continues year after year without requiring new evidence of insurability from each individual member of the group.

The annual renewal feature is important because it simplifies the process for both the employer and the employees covered under the plan, as they do not have to reapply or undergo medical evaluations to maintain their coverage. This offers a significant advantage, particularly in a group context, where managing individual renewals would be cumbersome.

While lifetime coverage, non-cancellation clauses, and options for conversion to family coverage are benefits that may also exist within certain policies or plans, they are not inherent to all group life insurance policies. The ability to reasonably expect annual renewal makes this option a standard and critical aspect of how group life insurance is structured and managed.