Business Life Insurance
Business life insurance is usually life insurance is bought by a company or investor on the life of an important executive. In most cases, the company is the policy's beneficiary.
Business group insurance is coverage, especially health or life insurance that is available to employees or members of an organization as a group at special, lower rates. Group life often has a lower maximum benefit, but is often time transferable or convertible into an individual plan, should the insured leave the company.
Business life insurance is an added expense, it is usually tax deductible.
You can research here if you're starting a business, buying a company, or thinking of enrolling in group life plan.