A type of life insurance that provides lower rates than individual insurance and includes all employees,regardless of health or physical condition,is called

Question

Quizplus · Accepted Answer

Group life insurance is specifically designed for groups, such as employees of a company, and provides coverage for all members of the group regardless of their health or physical condition. The group risk is spread across a larger pool of people, which allows for lower premiums for each individual. Whole life insurance, endowment insurance, term insurance, and universal life insurance are all individual policies that may be more expensive and may require medical underwriting.

A Type of Life Insurance That Provides Lower Rates Than