Which type of insurance is sold through a blanket or group arrangement in West Virginia?

Mass marketed life or health insurance is sold through a blanket or group arrangement in West Virginia because it is designed to provide coverage to a large number of individuals under a single plan. This type of insurance typically involves an employer or organization offering enrollment to its members as a collective benefit, allowing individuals to access insurance at potentially lower rates due to the pooling of risk among a larger group. Such arrangements often facilitate easier enrollment processes and can cover various health or life features tailored to suit groups.

In contrast, individual life insurance focuses on policies written for single individuals, emphasizing tailored coverage based on personal needs rather than the collective agreements that characterize group policies. Term life insurance is a specific type of individual policy that provides coverage for a set period, and universal life insurance is a form of permanent life insurance that combines a death benefit with a cash value component, both of which do not fit the concept of blanket arrangements. These options are typically more personalized and lack the broad-access component inherent to mass marketed policies.