Which of the following statements comparing group and individual life insurance is NOT true?

Insurance

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Which of the following statements comparing group and individual life insurance is NOT true?

A) Individual insurance is generally available at lower rates than group insurance.

B) The employer selects the type of insurance coverage under a group plan, while an individual selects the coverage for an individual policy.

C) Individual underwriting and individual evidence of insurability are generally not required under a group plan.

D) Group insurance involves experience rating for establishing premiums.

Answer: Individual insurance is generally available at lower rates than group insurance.

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