Which of the following is NOT a characteristic of group life insurance?

The characteristic of group life insurance that is not accurate is related to how premiums are determined. In group life insurance, premiums are typically based on the overall characteristics of the entire group rather than the individual traits of each member. This means that while factors such as age, sex, and occupation may influence the overall risk assessment of the group, they do not directly determine the premium for each individual certificate holder. Instead, a single premium rate is charged for the entire group, often resulting in lower premiums compared to individual policies because the risk is spread across many members.

The other choices reflect true characteristics of group life insurance. Premiums are generally lower than those of individual policies because the insurer benefits from the shared risk among a larger pool of insured individuals. The coverage itself is indeed provided under one contract which simplifies administration and often leads to cost savings. Furthermore, group life insurance typically offers a death benefit that applies to all members of the group, providing uniform coverage for the participants.