Answered

How does group insurance differ from individual insurance?

A. Evidence of insurability is required
B. Premiums are higher
C. Premiums are lower
D. Pre-existing conditions not covered



Answer :

GinnyAnswer

Final answer:

Group insurance and individual insurance differ in requirements, premiums, and coverage of pre-existing conditions.


Explanation:

Group insurance and individual insurance differ in several key aspects:

  1. Evidence of insurability is generally required for individual insurance but not for group insurance.
  2. Premiums are typically lower for group insurance due to risk pooling and economies of scale.
  3. Pre-existing conditions may not be covered in individual insurance plans, whereas group insurance often covers pre-existing conditions.

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