What is typically true about group life insurance policies?

Group life insurance policies often provide coverage to members of a group, such as employees of a company, and one significant advantage of these policies is that they typically do not require medical exams for participants. This feature makes group life insurance more accessible, as it allows individuals who may have health issues or pre-existing conditions that could hinder them from obtaining individual policies to still have life insurance coverage.

This accessibility is a key benefit of group policies, as the underwriting process is usually simplified. Insurers mitigate the risk by spreading it across a large number of participants, which allows them to offer coverage without requiring detailed medical evaluations.

In contrast, the other options present characteristics that generally do not align with common practices in group life insurance. For instance, group policies are often less expensive than individual policies due to bulk purchasing and lower administrative costs. Group policies tend to offer coverage amounts that can match or exceed those of individual policies, depending on the plan, and premiums are usually partially sponsored by employers, meaning participants do not have to pay the full cost themselves.