What is this type of insurance and who would it be best for?

No medical life insurance is best for people who have been turned down for a life insurance policy because of a health issue and have no other policies to turn to. However, they still wish to provide for their families if something might happen to them.

No medical life insurance may also be beneficial for people who are young, healthy, too busy, or would prefer not to take a medical exam. The coverage that they can get with this is likely enough to meet their needs, especially if they have no dependents. If you want to know more about the whole life insurance dividend rate history, then search the browser.

Image Source Google

Enough for what?

To be clear as to what exactly no medical life insurance is, Investopedia explains that life insurance is money that will be paid out to the beneficiaries named by the purchaser of the policy so that loved ones will not suffer, and so that debts can be covered. 

Are there any downsides to the no medical life insurance option?

The premiums can be more expensive and they might not cover everything that you need, but for those with a pre-existing health condition, or who have been turned down in the past, this insurance can be a big relief.