Misconceptions about non-medical life insurance
One of the most common misconceptions about non-medical life insurance is that there is no medical underwriting involved in the underwriting process. This is not the case, the medical underwriting uses your medical history from the doctors and hospital visits in your background. What non-medical life insurance means, is that there will not be a
para-med (a nurse) who will take, blood, urine, measurements and ask medical questions personally. When you fill out he application you give permission to the insurance company to access your medical records.
If there is no medical history, they can decline or they might ask you to see your doctor to establish some form of medical records, so your true state of health can be evaluated.
Also with non-medical life insurance, there is a cost, you are paying a higher rate, then if your policy was medically underwritten with a para-med exam. The reason being, the more exact information an insurance company has the better rates they can offer someone is very healthy.
The advantage of non-medical is it eliminates the hassle of the medical underwriting and speeds the process up, the trade-off is you might pay a higher rate then you have too.