When you apply for life insurance, it is at the discretion of the life insurance provider to accept or reject your application. While a rejection can happen for a variety of reasons, it does not mean it is impossible to get life insurance. It could be from one of these reasons, some of which you have control over.
Not Providing Enough Information
It’s possible that your rejection was because you didn’t give enough information in your application. A life insurance provider wants to know as much about you as they can so that they can determine if you are a risk. Leaving out key information could cause them to assume the worst, and reject an application because of it. Find out what information you missed, and ask if you can resubmit your application.
Having A Major Health Condition
People who have a major health condition have a greater chance of their life insurance application being denied. This can include having cancer or heart disease. Due to the health screening requirement, you may not even be aware of the health condition until you went to apply for life insurance. If you take the necessary steps to get treatment for the condition, that could be enough to be accepted for the life insurance policy that you applied for.
You may also be able to apply for a life insurance policy designed for those that are high-risk. For example, if you are a cancer survivor, there may be a more expensive policy that will accept you after the cancer is gone for a specified number of months.
You Are Considered Obese
Obesity can be a reason for a life insurance provider to reject an application, because it could lead to other health complications down the road. Obesity doesn’t always lead to rejection though. Those on the low side of the spectrum can be accepted if they are able to show that you otherwise have good health. Those on the high side may have to lose a significant amount of weight because of the risk of heart disease or diabetes.
You Do A High-Risk Activity
A life insurance provider won’t have a problem with you playing sports, but certain high-risk activities could be a reason for an application to be denied. For example, a frequent skydiver could be seen as a high-risk applicant, while someone that only did it once would not be considered high-risk. Consider giving up these activities if life insurance is important to you.
If you need help applying for life insurance again after making changes, work with a life insurance agent in your area.
Not Providing Enough Information
It’s possible that your rejection was because you didn’t give enough information in your application. A life insurance provider wants to know as much about you as they can so that they can determine if you are a risk. Leaving out key information could cause them to assume the worst, and reject an application because of it. Find out what information you missed, and ask if you can resubmit your application.
Having A Major Health Condition
People who have a major health condition have a greater chance of their life insurance application being denied. This can include having cancer or heart disease. Due to the health screening requirement, you may not even be aware of the health condition until you went to apply for life insurance. If you take the necessary steps to get treatment for the condition, that could be enough to be accepted for the life insurance policy that you applied for.
You may also be able to apply for a life insurance policy designed for those that are high-risk. For example, if you are a cancer survivor, there may be a more expensive policy that will accept you after the cancer is gone for a specified number of months.
You Are Considered Obese
Obesity can be a reason for a life insurance provider to reject an application, because it could lead to other health complications down the road. Obesity doesn’t always lead to rejection though. Those on the low side of the spectrum can be accepted if they are able to show that you otherwise have good health. Those on the high side may have to lose a significant amount of weight because of the risk of heart disease or diabetes.
You Do A High-Risk Activity
A life insurance provider won’t have a problem with you playing sports, but certain high-risk activities could be a reason for an application to be denied. For example, a frequent skydiver could be seen as a high-risk applicant, while someone that only did it once would not be considered high-risk. Consider giving up these activities if life insurance is important to you.
If you need help applying for life insurance again after making changes, work with a life insurance agent in your area.
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