Group life insurance is very similar to individual life insurance. The primary
difference is there is usually less choice in the types of life insurance
available in group policies. However, group life insurance is easier for
people with health problems to get, much the same as group health insurance.
Contrary to popular belief, group life insurance is rarely less expensive than individual life insurance for a healthy person. This is because there is not much in the way of administrative cost to individual life insurance. Life insurance is in general a "lean" insurance product. Therefore, if you are healthy and want to get the best deal on life insurance you are best served to apply for an individual life policy and take the medical exam.