Certified Financial Consultant (CFC) Practice Exam

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Which of the following best describes a non-medical application?

The medical portion that requires a full medical exam
A generic application with no medical questions
The medical portion of an application that asks for medical information but does not require a medical exam
An application that automatically qualifies for coverage

The correct answer is: The medical portion of an application that asks for medical information but does not require a medical exam

A non-medical application is one that collects medical information through questions but does not necessitate a full medical examination. This option correctly captures the essence of what a non-medical application entails: it seeks relevant health information without the added requirement of a comprehensive physical assessment. Having a medical portion that only includes questions allows the insurer to evaluate the applicant's health status adequately while simplifying the application process. This approach is especially useful in streamlining underwriting processes for individuals who may not have serious health concerns. In contrast, the other options refer to processes or aspects that involve either a full medical exam, a generic application lacking medical inquiry, or applications that might not require thorough assessments. Each of these fails to accurately signify an application aimed at gathering specific medical details without the burden of an extensive medical examination.