Group life insurance has long been a staple item in benefits packages. Employees want it because it can ease worries they have about leaving family members financially unstable after they die. Employers like to offer it because it's cheap compared to other benefits like health insurance or retirement plans.

Unfortunately, it gets a little tricky when choosing a plan considering the different types of policies and various levels of coverage. Get the facts on how to get the right plan at the right price for your business.