The Group Life insurance policy at MAPFRE is intended to protect the employee’s family on behalf of the employer.
The General Terms and Conditions of MAPFRE’s Group Life policies detail coverage’s, benefits, advantages, prerequisites and restrictions established by the company, as well as procedures that policyholders should follow to maximize their insurance coverage according to the policy.
Some of the General Terms and Conditions stipulated in the group policy are:
- The employee can assign one or more beneficiaries.
- To issue payment of benefit, required is submittal of documentation established in the group policy.
- MAPFRE reserves the right to change the benefit when required by law and similar changes are made to all comparable policies.