What is the difference between group term and voluntary term life insurance?

What is the difference between group term and voluntary term life insurance?

Typically voluntary life insurance is cheaper for amounts under $50K, while term life policies are more affordable for higher values. These kinds of policies are much cheaper and inexpensive than other policies such as whole life, variable life, or universal life policies that offer a cash value. Oct 4, 2020

See also  What is Lemonade business model?