why is group insurance generally less expensive than policies sold by insurance agents?\na. it is worse…
why is group insurance generally less expensive than policies sold by insurance agents?\na. it is worse insurance.\nb. selling costs are lower.\nc. groups make higher profits.\nd. it is required by law.
Answer
Brief Explanations:
Group insurance often has lower selling costs as it is sold in bulk to a group (like an employer - employee group). There are fewer individual sales processes, reducing administrative and marketing expenses, which makes it less expensive.
Answer:
B. Selling costs are lower.