Which statement is NOT a characteristic of a Group Life Insurance Plan?

A master contract is a defining feature of Group Life Insurance Plans, as it establishes the terms of coverage for the entire group. This contract is held by the employer or group sponsor and outlines the obligations and benefits for all participants, making it an essential characteristic of such plans.

Probationary periods are often included in Group Life Insurance Plans, requiring new members to wait a certain period before they are fully covered. This feature is designed to manage risks and ensure that individuals are part of the group for a specified duration before accessing the full benefits.

A certificate of insurance is provided to individuals covered under a Group Life Insurance Plan, serving as proof of coverage and detailing the benefits available under the master contract. This document is standard in group policies and confirms the individual's participation in the plan.