Industrial life insurance is a type of insurance policy that is designed specifically for industrial workers. It's the cheapest form of life insurance and offers modest coverage benefits. However, if you're on the hunt for a policy similar to industrial life insurance, you may be interested in exploring a few synonyms. For instance, group life insurance is provided by employers or unions to their employees or members. It also provides benefits in case of the employee's death. Alternatively, prepaid life insurance, also known as burial insurance, is a type of policy that covers the cost of funeral expenses and other end-of-life costs. While there are other types of life insurance policies available, each one offers unique coverage benefits and options.