Which statement about individual life insurance is accurate?

The statement that individual life insurance is always portable regardless of employment status is correct because individual policies are owned by the policyholder, not tied to employment. This means that if a person changes jobs, their individual life insurance policy does not change or lapse solely due to the job change; the individual can choose to keep the policy active, pay the premiums, and retain their coverage. This contrasts with group life insurance, which is typically provided as a benefit through an employer, and usually ceases when the employee leaves the job.

The other statements do not accurately reflect the characteristics of individual life insurance. For instance, individual policies are often more expensive than group insurance because they are underwritten based on the individual's health and risk factors, leading to higher premiums. Medical underwriting is generally required for individual life insurance to assess the risk of the applicant. Moreover, individual life insurance can be purchased through various channels, including agents, brokers, and directly from insurance companies, rather than being limited only to employer-provided options.