What type of group life insurance plan has the employer covering the entire premium?

A noncontributory plan is a type of group life insurance where the employer pays the entire premium without requiring any contributions from the employees. This arrangement simplifies the process for employees, as they do not have to allocate part of their salary towards the insurance premium. Since the employer covers all costs, it often results in a higher participation rate among employees because there is no financial burden on them.

In contrast, a contributory plan requires employees to pay a portion of the premium, making it a shared cost between the employer and employees. A voluntary plan, typically offered in addition to basic group coverage, allows employees to opt for additional insurance coverage at their own expense. A universal plan, on the other hand, refers to a specific type of life insurance that is flexible and accumulates cash value, which doesn't pertain to the employer’s responsibility for covering premiums in a group setting.