### Question
What is the definition of group life insurance contract?


### Answer
The definition of **group life insurance contract** is as follows in *26 U.S.C. § 848*:

> any life insurance contract—


(A) which covers a group of individuals defined by reference to employment relationship, membership in an organization, or similar factor,


(B) the premiums for which are determined on a group basis, and


(C) the proceeds of which are payable to (or for the benefit of) persons other than the employer of the insured, an organization to which the insured belongs, or other similar person

#### Citation:
  - *26 U.S.C. § 848*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART III-PROVISIONS OF GENERAL APPLICATION**

