California Life and Health Insurance Practice Exam

Which of the following is a life insurance policy that does NOT require a physical exam?

1. Term life insurance

2. Whole life insurance

3. Non-medical insurance

4. Universal life insurance

The correct answer is: Non-medical insurance

The correct choice is non-medical insurance, which is specifically designed to provide coverage without the requirement of a physical examination. This type of policy is particularly beneficial for individuals who may have health concerns or prefer a quicker application process, as it typically requires only a few health-related questions rather than a full medical evaluation. Non-medical insurance can facilitate coverage for individuals who might otherwise face delays or denial with traditional life insurance policies due to health issues. This makes it a popular option for those seeking life insurance coverage quickly and with less hassle. Term life insurance, whole life insurance, and universal life insurance often have policies that may require a physical exam based on the applicant's age, the amount of coverage, or specific health factors. These types of insurance typically perform more extensive underwriting processes which might include medical exams to assess risk accurately.