In general, how do the cost of policies written for groups compare to those written for individuals?
A) Policies written for individuals are cheaper.
B) Policies written for groups are cheaper.
C) Policies written for individuals and groups cost the same.
D) Policies written for groups are more expensive.

Question

Quizplus · Accepted Answer

Policies written for groups are generally cheaper due to the lower administrative costs per person and the reduced risk to the insurer, which comes from spreading the risk across a larger number of individuals.

In General, How Do the Cost of Policies Written for Groups