Have you been rejected for life insurance? If so, you are probably worried about whether or not you can obtain coverage to protect your loved ones. A big secret that most people don’t understand is that there is a policy out there for almost everyone- no matter what your health, occupation, driving history, height, weight, etc. You just have to know which company is best for your unique situation.
Rejected for life insurance – some reasons why
The first thing you should understand is how life insurance companies evaluate your health and your overall situation. Your age, sex, and smoking status are the first three things that a carrier looks at when determining the amount of premium that you pay will for a policy. The older you are, the higher the premium. Men and smokers will also pay a higher premium than a woman who is the same age. The next thing that plays a big factor in whether or not a company will approve you, is your health history. If your health is perfect then you can pretty much get a policy with any company out there. You would just have to shop around for the best priced policy because they all have different rates.
Were you rejected for life insurance because of health issues?
If you have health problems then you really have to be strategic about which companies you choose to apply with. If we’re talking about health issues like high blood pressure, high cholesterol, or asthma, then the list of companies that would offer you an affordable policy is pretty long, because those are considered minor. If you have some major health problems like cancer, heart problems, diabetes, a stroke, or if you are terminally ill, then you need to be choosy about which companies you apply with.
Give it a second shot
In 99% of cases, when applicants have been rejected for life insurance, then you probably didn’t apply for the right type of coverage or you didn’t choose the company that was best for your situation. If you have been recently rejected for a policy, then the first thing you should do is compare multiple rates from carriers that understand your health issues. Fill out the quote form openly and honestly in order to view policies that are right for your particular situation. It would also be a good idea to speak with a knowledgeable agent. He or she can give you some advice about which carriers and which type of policy will work for your needs.
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