What Is Blanket Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Blanket Life Insurance is life insurance that coves a group of individuals while they are temporarily exposed to a common hazard. E.g. a blanket life insurance policy might be use to cover passengers on a commercial flight, sports teams for while they are participating on the team, newspaper carriers while they are delivering papers, etc. The blanket policy does not cover this group outside of the event for which the blanket policy was purchased.
    Answered on May 7, 2013
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