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 health problems such as COPD, you would be considered a poor health risk because of your limited life expectancy.
Or, if you have had a few DUIs in the last couple of years this would be a red-flag indicating you may have a much higher risk of dying in a car accident than the average person.
Learn more about
why life insurance companies deny coverage and how to get insured if you are considered a high risk for life insurance.
