Massachusetts Life Producer Practice Exam

Which type of insurance does not require evidence of insurability for all insured individuals?

1. Individual life insurance

2. Group life insurance

3. Term life insurance

4. Whole life insurance

The correct answer is: Group life insurance

Group life insurance is designed to provide coverage to a group of individuals, typically through an employer or an association. One of the significant advantages of group life insurance is that it does not usually require evidence of insurability for all insured individuals. This means that individuals can gain coverage without having to provide medical information, which can simplify the enrollment process and improve access to insurance. This is particularly beneficial because it allows employees to enroll in coverage without undergoing medical exams or underwriting procedures, making it easier for individuals who may have health issues to secure insurance. In many cases, as long as you are part of the group and enroll within a specified time frame, coverage is guaranteed. While other types of life insurance, such as individual life, term, or whole life insurance, generally require evidence of insurability, especially for larger policies or older applicants, group life insurance facilitates a more inclusive approach by making it accessible without the same level of scrutiny regarding health status.