Showing Tag: "life insurance denied" (Show all posts)

Have You Been Denied Life Insurance Coverage?

Posted by hadley hadley on Tuesday, October 19, 2021, In : Life Insurance FAQ's

If you've been denied life insurance, you may be wondering why that happened?

There are many common reasons for being turned down for life insurance, including your age, health, occupation, high risk hobbies, or poor credit history.

However, even if you have been denied life insurance, you may still be able to get insured.

Some insurers specialize in covering high risk applicants, and they may offer guaranteed issue life insurance plans.

Learn more about being denied for life insurance coverage.

Can Life Insurance Be Denied?

Posted by hadley hadley on Sunday, October 20, 2019, In : Life Insurance FAQ's

Yes, you can be turned down for a life insurance policy.

There are many reasons why someone may be turned down for life insurance.

Some of the most common reasons for being declined for life insurance include old age, poor health, drug or alcohol abuse, DUI's, high risk jobs or high risk hobbies, among other things.

However, you may still have other options available for life insurance, including contacting high risk life insurance carriers and brokers who specialize in placing life insurance fo...

Life Insurance Refused on Medical Grounds?

Posted by hadley hadley on Wednesday, November 21, 2018, In : Life Insurance FAQ's

If you have been turned down for life insurance because of medical reasons, you may be wondering how you can get insured.

Don't worry, there is another answer. In fact, there are life insurance plans that even offer "Guaranteed Acceptance" - which means you can't be denied coverage due to any health problems.

As long as you meet the age requirements, you can get insured. These plans do offer a limited amount of life insurance protection, usually $25,000 or less.

If you need more life insurance ...

How to Get Life Insurance After Being Denied?

Posted by hadley hadley on Thursday, December 14, 2017, In : Life Insurance FAQ's

How can I purchase a life insurance policy if I have applied to an insurer and been turned down?

There are a couple options that may work for you.

You could contact a life insurance broker who specializes in placing life insurance through high risk insurance companies for people who have been denied insurance.

Or, you could get guaranteed issue life insurance if you meet the age requirements for approval.

In addiiton, you may be able to contest the medical exam results, or ask for another exam, i...
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Why Do Life Insurance Companies Deny Coverage?

Posted by hadley hadley on Thursday, September 7, 2017, In : Life Insurance FAQ's

What are some of the most common reasons a life insurance company may turn down an applicant for coverage?

Life insurance carriers have a set of underwriting guideline including requirements related to your age, health and lifestyle that they review and consider when underwriting an applicant for life insurance coverage.

Many of the key reasons someone may be denied life insurance have to do with the person's age, health, lifestyle, drug or alcohol use, driving record, etc.

If you have chronic h...
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Why Are Life Insurance Claims Denied?

Posted by hadley hadley on Wednesday, July 2, 2014, In : Life Insurance FAQ's

When a life insurance claim is denied, it's usually because the death occurred within the first 2 years of the policy being "In Force", which is known as the contestability period, and it's discovered the applicant for life insurance intentionally lied on the application to get the life insurance coverage, or the insured person committed suicide within the first 2 years of being insured.

Once the contestability period expires (first two years), and death occurs, the life ins...

Why Would A Life Insurance Policy Be Denied?

Posted by hadley hadley on Thursday, January 9, 2014, In : Life Insurance FAQ's

There are several reasons a life insurance policy may be denied, including:

1. The applicant's health - This can be anything from someone with uncontrolled diabetes or someone with cancer having only months to live.

2. The applicant's health has not been stable for a certain length of time. This can range from someone who had very high blood pressure and only been on medication for one month, to someone with MS who has had a recent major exacerbation.

3. The applicant is ...

When Will Life Insurance Not Pay?

Posted by hadley hadley on Sunday, November 10, 2013, In : Life Insurance FAQ's

If you own a life insurance policy you want to make sure your life insurance company will pay out any claim on your policy should you die.

But, there are several instances where a life insurance policy will not pay out a claim.

1. If your policy has expired, and you no longer have coverage.

2. If your policy has lapsed due to non-payment of premium.

3. If your policy excludes death due to your cause of death, such as, killed in a war.

4. If you lied on the application for life insurance, and the l...
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Showing Tag: "life insurance denied" (Show all posts)

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