Not exactly. Although anyone can apply, the reality is that only less risky applicants are accepted. If you apply for Life Insurance, you will be asked a number of questions regarding your lifestyle, general health and medical history. Depending on the answers to these questions, it might also be necessary to go for a medical. It’s vitally important that you tell the truth during the application process. If you don’t, your policy might be invalidated which could leave your loved ones financially exposed.