Life Insurance Basics
What underwriting difference distinguishes group life from individual life insurance?
Answer and explanation
Answer: C. A group is underwritten as a whole, looking to its size, composition, purpose and turnover, so individual members ordinarily give no evidence of insurability. Underwriting does occur, but it is directed at the group rather than the person.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, group versus individual
More life insurance basics questions
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