Which of the following is NOT considered ordinary insurance?

The correct answer, which identifies the option that is not considered ordinary insurance, is the group life insurance policy. Ordinary insurance is typically characterized by individual policies that cover specific individuals and are underwritten based on personal risk factors. In contrast, group life insurance is designed to cover many individuals under a single master contract, often provided by employers or associations.

Group life insurance does not involve individual underwriting processes for each insured, making it distinct from what is classified as ordinary insurance, which focuses on individual policies like life insurance paid-up-at-age-55, 10-year endowment contracts, and term life insurance. These policies are all structured to cover individual policyholders, with specific face values and premium payments relating directly to the risk of that individual rather than a collective group. Therefore, selecting group life insurance helps clarify the distinction between ordinary insurance and its alternatives, as it emphasizes the collective nature of coverage rather than the individual focus typical of ordinary insurance policies.