Which type of life insurance policy typically requires medical underwriting?

Whole life insurance typically requires medical underwriting because it is a permanent life insurance policy that provides coverage for the insured's entire lifetime, as long as premiums are paid. Since whole life insurance involves a cash value component and guarantees a death benefit, insurers want to assess the risk associated with the applicant's health before issuing a policy. Medical underwriting helps the insurance company determine premiums based on the individual's health status and lifestyle, ensuring that the risk is accurately priced.

Guaranteed issue policies do not require medical underwriting; these are designed to provide coverage regardless of health, albeit at higher premiums and for specific amounts. Term life insurance generally does involve medical underwriting, but the context of the question may imply the focus on permanent insurance. Final expense insurance usually has simpler application processes and may not require extensive medical evaluations, making it more accessible for individuals looking for lower coverage amounts.