Which phrase best captures the essence of 'not group' in insurance?

The phrase "Individual Policies" accurately embodies the essence of 'not group' in insurance. This concept emphasizes the idea of each policy being tailored to the unique needs and circumstances of an individual rather than a collective or group agreement. In individual policies, the insured party receives coverage based on personal criteria, such as health status, risk factors, and specific coverage requirements. This contrasts sharply with group insurance, where coverage is designed to cover a collective group, often leading to standardized terms and risk pooling.

Other options like "Corporate Coverage," "Collective Benefit," and "Shared Risk" are more aligned with group insurance schemes or collective arrangements. Corporate Coverage refers to insurance policies catered to businesses rather than individuals. Collective Benefit emphasizes the advantage derived from group participation, which is the opposite of an individual approach. Shared Risk pertains to the principle of risk pooling within groups, indicating that risks are distributed among a collective, further distancing it from the individual nature of personal insurance policies.