Affordable Life Insurance Protection for Your Family
Is It Possible for Someone to Be Denied Life Insurance Coverage?
Yes. You can be denied coverage for life insurance.
Insurance companies are in business to make money. So, they follow guidelines on how they underwrite risk (applicants) they will insure for life insurance.
If a person applies for life insurance and does not meet the requirements for acceptance, then they may be denied coverage by the insurer.
Common Reasons for Denial of Life Insurance
There are many reasons someone may be turned down when they apply for a life insurance policy. Some of the more common reasons for decline include the following:
Options for Life Insurance
When you apply for a life insurance policy there are a few different results you may receive back from the insurer:
Options After Being Denied Life Insurance
If you have been turned down for life insurance for any reason, you may still have other options available to you.
How to Appeal a Life Insurance Application Denial?
If your life insurance application is declined, the first thing you should do is talk to your life insurance agent or broker. They’ll probably contact you first – when informing customers that they’ve been declined, life insurance companies tell the broker first and then send the shopper a letter directly.
Why Was My Life Insurance Application Declined?
Contact the insurer and find out in writing exactly why you were denied life insurance coverage.
If it was based on your medical exam and lab results, ask for a copy of all results and ask if you can take another blood or urine test.
Talk to Your Life Insurance Broker
Ask your insurance broker if there are any insurance companies you can apply to that specialize in insuring people who are considered a high risk.
Alternative Life Insurance Plans
Look into purchasing life insurance coverage with guaranteed approval.
Group Life Insurance
Ask about the group life insurance plan provided through your employer at work. These plans usually accept anyone who is employed by the company. You may or may not have to pay for all or part of the premiums charged for an employer provided life insurance plan.
Declined – Guaranteed Issue Life Insurance
If you’ve been declined for any of these reasons, and you don’t think you can get coverage, one of the options is to apply for a guaranteed issue life policy.
There is no application process and you can be protected in a matter of minutes.
Let’s walk you through the guaranteed acceptance life insurance process.
First, you pick an insurance company. Then you give them very simple information which includes your name, zip code, age, tobacco usage, and a couple of other simple questions.
After this, they are going to give you a rate, you give them payment information and that’s it! In as little as a few clicks, you can have life insurance protection. Here is the problem, they are more expensive and they offer a limited amount of life insurance.
Life Insurance Quotes
Top Pick – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. Start Here to get a FREE Quote.