Which is not a requirement in a group life policy?

• A. Insurable interest
• B. Accidental
• C. Master policy
• D. Certificate of coverage

Answer: (B)

In a group life policy, the structure relies on three key elements: insurable interest, a master policy, and a certificate of coverage. The employer or group sponsor must have insurable interest in the participants, establishing the financial rationale for the coverage. The contract is written as a master policy owned by the employer, with individual certificates issued to each member as proof of coverage. Unlike some riders or optional features, there isn’t a requirement that the base coverage only applies to accidental deaths; a group life policy generally covers death from any cause, and accidental death benefits (if included) are optional riders. So, the option describing “accidental” is not a required element of a standard group life policy.