Which statement describes a feature of "group term life insurance"?

Choosing the option that indicates that group term life insurance usually provides lower premiums than individual policies is correct because group term life insurance is typically offered through employers or organizations to a group of individuals. The risk is spread across a larger pool of participants, which allows insurers to offer lower premiums compared to individual life insurance policies. Since there are many insured individuals, the overall risk is reduced, resulting in cost savings that are passed on to policyholders.

Additionally, group term life insurance often does not require participants to undergo individual health evaluations, making it more accessible and affordable. This contrasts with individual policies, where premiums can be significantly higher due to factors such as personal health assessments and age. Therefore, the economies of scale and the nature of group insurance contribute to the lower cost associated with this type of coverage.