Dollar ceiling on a life insurance policy for applicants who are not given a medical examination. The insurer accepts a health questionnaire in the place of a physical examination. At one time, a medical examination was a requirement for anyone buying life insurance. In recent years, however, most companies write nonmedical life insurance because the savings in expenses for the company have been found to offset the higher risk of underwriting insurance without the benefit of an examination. However, nonmedical policies are written only for a standard risk.