GTL

Definition	:	Group Term Life
Category	:	Business » Business Terms
Country/Region	:	Worldwide
Popularity	:
Type	:	Initialism

What does GTL mean?

Group Term Life (GTL) is a type of life insurance policy that provides coverage for a group of people, typically employees of a company or members of an organization. Under a GTL insurance policy, the employer or the organization acts as the policyholder, and the employees or members are the insured individuals.
GTL policies are designed to provide financial protection to insured individuals and their beneficiaries in the event of the insured person's death during the policy term.