In comparing the purchase of individual life insurance to acquiring group life, which statement is not true?
A. Group insurance is automatic and requires less medical information than
the individual coverage.
B. Group life tends to have a lower premium per person than individual life.
C. Both provide a tax free death benefit.
D. Group insurance has a non-deductible premium while individual insurance has a tax deductible premium to the payor.
Ans: D. Group insurance has a non-deductible premium while individual insurance has a tax deductible premium to the payor.
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