Question

What contributes to the lower underwriting and policy issue costs in group insurance?

a.

Underwriting each individual member separately

b.

Issuing many individual policies

c.

Underwriting the group as a whole

d.

Having separate sales processes for each policy

Answer: (c).Underwriting the group as a whole Explanation:Underwriting the group as a whole rather than each individual member contributes to lower underwriting and policy issue costs in group insurance.

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Q. What contributes to the lower underwriting and policy issue costs in group insurance?

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