Generally, all of the following apply to group life insurance EXCEPT

Group life insurance is typically provided through an employer or organization, covering multiple individuals under a single master policy. It does not require individual underwriting or evidence of insurability for most members, and premiums are based on the group’s overall risk factors (e.g., age, occupation), as outlined in Oklahoma’s Insurance Code (Title 36 O.S. § 4101 et seq.). A key advantage is that group policies generally havelower ratesper individual compared to individual policies due to risk pooling, making the statement that insureds pay a higher rate incorrect.

Option A: Incorrect (applies). Individual underwriting is not required; the group is assessed as a whole.

Option B: Incorrect (applies). Evidence of insurability is typically not required for standard group coverage.

Option C: Incorrect (applies). Pricing is based on the group’s risk factors.

Option D: Correct (does not apply). Group life insurance rates are generally lower, not higher, than individual policies.