Which of the following statements about group life is correct? 1. The premiums are higher than in an individual policy because there is no medical exam. 2. The group sponsor receives a Certificate of Insurance. 3. The policy can be converted to an individual term insurance policy. 4. The cost of coverage is based on the ratio of men and women in the group.

Which of the following statements about group life is correct?
1. The premiums are higher than in an individual policy because there is no medical exam.
2. The group sponsor receives a Certificate of Insurance.
3. The policy can be converted to an individual term insurance policy.
4. The cost of coverage is based on the ratio of men and women in the group.

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