Affordable Life Insurance Protection for Your Family

Denied Life Insurance Coverage

Have You Been Turned Down for Life Insurance?

 

If so, you may be wondering why you were unable to get insured.

 

What Can Get You Denied a Life Insurance Policy?

 

  • Physical Health. Many life insurance providers take your physical health into account.
  • Mental Health History. Unfortunately, many life insurance companies will deny coverage if you have a history of mental health issues.
  • Lifestyle Choices.
  • Age.
  • Occupation.
  • Criminal Record.
  • Driving Record.
  • Financial Reasons.

 

When you are denied a life insurance policy, it can be a difficult and often times confusing experience.


The reason for your denial could result from any number of factors, but don’t let that get you down. There are many life insurance carriers, and they don’t all follow the same guidelines for approval of an applicant for life insurance coverage.


Now, let’s take a closer look at some of the most common reasons an insurance company may deny you for life insurance coverage. 


Physical Health


Many life insurance providers take your physical health into account. You may suffer from high cholesterol, obesity, diabetes, or other chronic illnesses. With any major health condition, the life insurance company will view you with more risk. 


Depending on the severity of the health issue and the life insurance company, you may be denied coverage. 


Haven Life offers, for example, no-exam term life insurance policies for eligible individuals between the ages of 20 and 60.


Instead of a trip to the doctors’ office, they collect information about your lifestyle and health history during the online application process. The process is quite easy & quick, and, if approved, you can choose a policy for up to $2,000,000 of same day coverage.


Mental Health History


Unfortunately, many life insurance companies will deny coverage if you have a history of mental health issues. Not all life insurance providers look at mental health issues in such a negative light, but many will deny coverage if you have a history of anxiety, PTSD, or self-harm. 


Lifestyle


When you apply for life insurance, the application will ask questions about your habits. If you have dangerous hobbies or an unhealthy lifestyle, then you might be denied coverage. 


A few examples of dangerous hobbies include skydiving, rock climbing, and race car driving. Other lifestyle choices, such as maintaining an unhealthy weight or smoking, could negatively affect your future health. With a higher chance of a problem in the future, you might receive higher rates or be denied altogether. 


Age


In general, it can be more difficult to secure life insurance coverage as you age (which is why it’s so important to buy young). When you get older, life insurance companies will view you as more of a risk. 


Occupation


Many of us spend a large part of our lives at work. Since some jobs are much more dangerous than others, it makes sense that your occupation will affect your rate for life insurance. 


After all, working safely behind a desk is less risky than working on an oil rig or being a firefighter. 


A few of the more dangerous professions include:


  • Pilots
  • Loggers
  • Truck Drivers
  • Farmers
  • Police
  • Construction Workers
  • Roofers
  • Garbage Collectors
  • Fishers


It can be more challenging to get approval if you work in a dangerous industry. Even if you can find coverage, you will likely pay much higher rates. 


Financial Reasons


Your personal finances can play a big role in whether or not you qualify for life insurance coverage. Many insurers will look at your credit history report to determine if you have any previous bankruptcies or outstanding debt. Additionally, a life insurer will look at your income to determine if you can afford the amount of coverage you are trying to purchase.


If you have a recent bankruptcy or high amount of debt, your ability to secure coverage may be in jeopardy. But some insurers may be willing to work with you to help you get insured. 


Criminal Record


If you have a criminal record, then you may be denied life insurance coverage. The reasoning is that you may engage in a high-risk lifestyle if you have a record.


But each insurance company will treat your criminal record on a case by case basis. The circumstances and severity of the crime will be considered before they offer and deny coverage. 


If you are currently being charged with a felony, you will not be able to secure coverage until the charges are tried in court or dismissed. Additionally, you cannot apply for life insurance if you are currently in jail or on probation. 


Driving Record


With a bad driving record, you pose a higher risk for the insurer. A history of reckless driving habits point to a higher risk of death.


Depending on your driving record, you might be denied coverage or faced with higher rates for your life insurance policy. 

 

Life Insurance Quotes

 

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.

 

Highly Recommended – 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 questionsYou cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

 

 


Disclosure: Compensated Affiliate