What Is Non-Term Life Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    I believe you mean, “non-medical” term life.  When a policy is non-medical it means that for your age and the amount of coverage that you require there will not be an immediate requirement for a medical exam.  The company will ask many questions about your health and will base their underwriting decision on that information.  There might be inquiries sent to attending physicians or there might even be a request for a paramedical exam but that is very unusual.
    Answered on August 21, 2014
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  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a good question! I'm going to guess it's one of two things, since there really isn't a policy directly named "non-term". The first is Whole life, which differs quite a bit from a term policy, mainly in cost and duration. A term policy ends at a specified point in time, and a whole life policy ends when the insured does. The other answer would be a policy that does not require a medical examination, but relies on your answers on the application, and some checks on your medical history, and pharmacy records. I hope that was what you were looking for, if it's not, inbox me, and I'll try to help you further. Thanks for asking!
    Answered on August 21, 2014
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