Abstract (1 A) Norwegian group life insurance does not have the multiplicity of benefits provided by American [4] or even Swedish [1, 2, 3, 7, 12] insurers. The only coverage given 1 Let us emphasize that we are talking about group life insurance here. This coverage is frequently combined with other forms of group insurance, like collective pension insurance or group accident insurance. is a straight death benefit for groups of lives, such as the employees of a firm or the members of a professional or vocational association. The sums assured of this group term life assurance are, in principle, stipulated for one year at a time, and natural premiums are paid for the single-year risk at the beginning of each contract year. Renewal of a group policy at the end of a contract year is usually quite automatic, however, and the insurer will commonly assume that the same sums will be in force until otherwise notified. Still, the whole contract is really a single-year transaction which can be terminated (or where the tariff can be changed) at the end of any contract year without necessitating any settlement of future obligations.