I Was Declined Coverage For Life Insurance
Reader question:
I got declined for my life insurance coverage. What do I do?
Abram
Good question, Abram.
If, while looking for life insurance rates, you were declined a policy after a medical exam even though you are in perfect health, there are a few things you can do to determine the reasons why and to fix it. Even if you are healthy now, some insurance companies can be bothered by medical problems in your past, especially if they don’t know the explanation for them. Usually, they will either decline you outright or hold out for an explanation.
The first step in finally getting your life insurance rates is to give them a call and request an explanation for the rejection.
Once you receive the explanation, set up an appointment with your doctor and have them give you a check up to see. Sometimes the results are mistakes, but other times they have actually detected problems which you never knew about before. Even if they are a mistake, don’t just head to the next life insurance company, because your history will follow you. You have to contest the reasons with the same company so that you don’t have problems being insured for the future.
take care,
Fashun