Non Medical Term Life Insurance
Non-medical term life insurance is a term life insurance policy that can be purchased without the need for a medical examination. (Term life insurance provides coverage for a fixed period, for a fixed coverage amount at a fixed premium rate).
Life insurance companies recognize that typically, those under the age of 35 have little in the way of medical history. They are also aware that the death rates in this age group are relatively low. For this reason they will sometimes provide a term life policy without requiring a full medical. In some cases they will allow the purchase of this type of policy up to the age of 65 years.
The cost to the insurance company of investigating your suitability for a life insurance product can be costly. By offering a non-medical term life insurance policy, they can grant you the coverage you require following completion of a simple questionnaire.