Question 16

Lite insurance policies written without a physical examination are called non-medical.

Non-medical insurance policies are those that do not require a physical examination for approval. This type of policy is typically referred to as non-medical insurance.

A) non-medical.

This option is correct because non-medical insurance policies are specifically designed to be issued without the need for a physical examination. This allows for faster approval and access to coverage for individuals who may prefer or require a simpler application process.

B) preferred.

Preferred insurance policies generally involve applicants who meet specific health criteria and may often require medical examinations to ensure they qualify for lower premiums. Therefore, this option is incorrect as it does not align with the definition of lite policies written without physical examinations.

C) standard.

Standard insurance policies typically require some level of medical underwriting, including examinations, to assess the applicant's health status. This option is incorrect as it does not describe policies that are issued without physical exams.

D) substandard.

Substandard policies are offered to individuals who pose a higher risk due to health issues, often requiring more extensive evaluations, including physical examinations. Thus, this option is also incorrect in the context of lite insurance policies written without a physical examination.

Conclusion

The correct answer is non-medical, as it directly describes insurance policies issued without physical examinations. All other options refer to different types of insurance policies that involve varying levels of medical underwriting and do not fit the criteria specified in the question.