Additionally, most group term life insurance policies don’t require individual physical examinations for the employees covered, so employees who may not be able to obtain a competitive life insurance policy on their own can still be covered under group term life insurance. This alone can attract employees to your company over another. Many group term life insurance plans can also be converted into individual policies if an employee leaves the company, which is an attractive flexibility option. Insurance premiums are even tax-deductible, which makes group term life insurance even more attractive to an employer.