Which of the following features is NOT typically associated with credit life insurance?

Credit life insurance is primarily designed to pay off the outstanding debts of a borrower in the event of their death, ensuring that their loved ones are not burdened financially. One of the key features of this type of insurance is that it is closely tied to a specific loan or debt, often purchased as part of the loan agreement, which provides peace of mind to lenders and borrowers alike.

As for coverage without a health assessment, this is often the case with credit life insurance, particularly for smaller amounts, as insurers may waive health assessments to facilitate the purchase process and make it more accessible. However, for larger amounts of coverage, requiring a good health statement is a common practice to ensure that the insurer can adequately assess the risk involved. By specifically targeting that larger coverage scenarios may necessitate some level of health assessment, the feature of requiring a good health statement connects directly to the underwriting process that insurers undertake to manage their risk.

Therefore, the correct choice indicates that the aspect of providing coverage without a health assessment is not universally true for all credit life insurance policies, particularly for larger sums. This intricacy is essential for understanding how different amounts of coverage can entail different processes associated with health assessments.