Question

What is Group Life Insurance?

a.

Life insurance policies that cover only individuals without medical examination

b.

Life insurance policies issued to employers for the benefit of employees or to members of an association without individual certificates

c.

Life insurance policies with guaranteed payouts

d.

Life insurance policies with flexible premium payment options

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).Life insurance policies issued to employers for the benefit of employees or to members of an association without individual certificates Explanation:Group Life Insurance refers to life insurance usually issued without medical examination, covering a group of people under a master policy, typically issued to an employer for the benefit of employees or to members of an association.

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