What is usually required for group life insurance policies?

Group life insurance policies typically do require evidence of insurability for individual members who wish to join the group insurance plan, especially when certain conditions are met or when individuals exceed specific coverage limits. This requirement ensures that the insurance provider can assess the risk associated with insuring a particular person based on their health, lifestyle, and other factors.

While many group life insurance plans allow members to enroll without medical underwriting during an open enrollment period, this does not eliminate the overall requirement for evidence of insurability under specific circumstances, such as late enrollment or a significant increase in coverage. This aspect helps the insurance company manage risk and ensure that the individuals being insured meet certain health qualifications.

Conversely, the other choices focus on specific features or conditions of insurance policies that aren't universally applicable to group life insurance. Fixed benefit payments might refer to individual policies, immediate cash payments could be part of certain riders but are not a standard requirement for group policies, and the idea of no premiums does not sustain, as premiums are necessary for any insurance to be valid and provide coverage. Therefore, evidence of insurability stands out as a common requirement in the context of group life insurance policies.