Have you been rejected by life insurance company for a coverage policy? If this is the case, you may be concerned to get protection to safeguard your families future .
The most common reason behind the insurance coverage is the denial of medical problems. Statistically, they indicate an amplified possibilities of dying prematurely. In fact, 80% of most rejections are based on chronic medical problems. Examples include most cancers, cardiovascular disease, heart disease genetically related disease, diabetic problems, symptoms of asthma, HIV, AIDS, or overweight.
Other reasons for been rejected could be attributed to bad habits , even if you are healthy, you can still be declined for coverage based on your behavior or addiction. If you are taking drugs, have speeding charges or been caught driving while impaired , then you can be declined for life insurance coverage.
Generally, these conditions could be discovered through review of your medical records or a record check with the motor vehicle department of your State. According to the philosophies of many insurance providers, for these problems, it can be much more likely that a person could die before their average life expectancy.
An additional reason behind people being denied life insurance coverage could be the involvement of a person in vocations or dangerous sports. In this case, an individual who works in the disposal of hazardous wastes, where toxic compounds can affect the overall health of a worker may be unsatisfactory for preferred life insurance premiums. Sports activities such as scuba diving, parachuting, mountain climbing also reveals high risk.
In most cases, when applicants have been denied life insurance coverage, the chances are that you didn’t apply for the ideal kind of protection or maybe you didn’t select the company which was ideal for your situation.
Many life insurance buyers do not know that there is an insurance plan in the market for almost everyone, regardless of their health status, occupation, registration, height, body weight and therefore for driving. You just need to know what company is right for your specific situation.
If you’ve recently been turned down for an insurance plan, so the first thing you need to do, is to learn the reason for the refusal. The company will not provide this information to you without charging on your written request. With this information in hand the next step is speak with a local insurance broker that has full access to insurance company’s that offer reasonably competitive solutions for their clients who may possibly have health issues. Once contact is made be sure to answer all questions openly and honestly to examine options that will suit your particular situation. The broker can give you some advice on what insurers and the type of insurance plans that will benefit your needs.