What type of life insurance policy allows employees to be insured without evidence of insurability?

Group Life Insurance is the type of life insurance policy that allows employees to be insured without the need for evidence of insurability. This means that individuals can participate in a group plan simply by being part of an eligible group, such as employees of a company, without needing to provide medical information or undergo health assessments.

This is a significant advantage of group life insurance, as it makes coverage accessible to a larger number of people and can include those who may have pre-existing health conditions that could otherwise complicate the acquisition of individual policies. Additionally, because the risk is spread across a larger group, premiums are often lower compared to individual plans, enhancing affordability.

In contrast, individual life insurance typically requires applicants to provide evidence of insurability through medical exams or questionnaires to assess health risks before coverage can be obtained. Term and universal life insurance are specific types of individual policies, which also require such evidence for issuance. Hence, the collective nature of group life insurance is what distinguishes it in this regard.