A plan that insures a large number of persons under the terms of a single policy without a medical examination is called a(n) ____________ life insurance policy plan.

Question

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A group life insurance policy plan is designed to insure a large number of persons under the terms of a single policy without a medical examination. This type of plan is offered to companies or organizations to provide life insurance coverage to their employees or members. The premiums are lower than individual policies and coverage is usually guaranteed issue, meaning no medical underwriting is required.

A Plan That Insures a Large Number of Persons Under