Wholesale Life Insurance


Wholesale Life Insurance

A type of employer-sponsored protection against the loss of income in the event the insured becomes deceased. Wholesale life insurance is a variation on group life insurance that is offered by employers. It differs from group life insurance in that employees apply for and own their own policies with wholesale life insurance.

In order for the employees to qualify for wholesale life insurance, the employer must pay at least part of the premiums. Wholesale insurance is available for groups as small as five individuals. Group life insurance applies to larger groups.

Wholesale life insurance policies are intended to provide life insurance coverage at a discount rate to a small group of employees. Employers often cover the premium costs associated with wholesale life insurance as part of its employee benefits package.

In addition, employers may provide a wholesale life insurance policy for its employees, and then allow the employees to purchase additional policies for their families (spouse and dependent children). In order to be eligible for wholesale life insurance, the company generally must have a minimum of five and a maximum of 50 employees.


Investment dictionary. . 2012.

Look at other dictionaries:

  • wholesale life insurance — noun Etymology: wholesale (II) + life insurance : life insurance covering a smaller group of employees than the minimum required for a group life insurance policy …   Useful english dictionary

  • Group Life Insurance — Life insurance offered by an employer or large scale entity (i.e. association or labor organization) to its workers or members. Group life insurance is typically offered as a piece of a larger employer or membership benefit package. By purchasing …   Investment dictionary

  • Metropolitan Life Insurance Company — Rechtsform Aktiengesellschaft ISIN US59156R1086 Gründung …   Deutsch Wikipedia

  • Mutual insurance — A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance.… …   Wikipedia

  • Farmers Insurance Group — Type Subsidiary Industry Insurance Founded Los Angeles, California …   Wikipedia

  • Retail, Wholesale and Department Store Union — Infobox Union name= RWDSU country= United States, Canada affiliation= CWF, CLC members= full name= Retail, Wholesale and Department Store Union native name= founded= 1937 current= head= UFCW dissolved date= dissolved state= merged into= office=… …   Wikipedia

  • Ben Feldman (insurance salesman) — Ben Feldman (1912 ndash;1993) was an American businessman and one of the most prolific salespeople in world history. He sold $1,800,000,000 of Insurance Policy for New York Life Insurance from 1942 to his death in 1993. To this date, he still… …   Wikipedia

  • The Co-operative Insurance — Co operative Insurance Society Limited Type Consumer Co operative Founded 1867 (1867) …   Wikipedia

  • Co-operative Insurance Society — Infobox Co operative company name = Co operative Insurance Society Limited company company type = Consumer Co operative company slogan = Good with Money foundation = 1867 location = Manchester, United Kingdom key people = David Anderson, Chief… …   Wikipedia

  • japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… …   Universalium


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.