Steps to Take After You’ve Been Denied Life Insurance

What happens if your life insurance application was denied?couple working on laptop

No one expects their life insurance application to be denied; however, this is a definite possibility.  Typically, this happens because the insurance provider considers you too risky to insure.  However, getting denied doesn’t mean that this is the end of the road.  Here are some of the steps that you can take after your application is denied.

  • Collect Information

As insurance companies consider life insurance applications, they conduct research to determine the applicant’s risk.  If they determine that you are high-risk, then they will deny your policy.  Luckily, you can request information about your denial from the company.  At this point, the insurer will provide detailed information on why they refused coverage.  For instance, they will say if the denial was due to your medical history, current exam results, driving record, or another factor.  Once you understand why your application was denied, you can take steps to address your risk.

  • Confirm Results

Underwriters are human, which means that it’s possible for them to make mistakes.  This is why it’s important that you double-check their findings.  For instance, if bad medical exam results were stated as the cause of your denial, then verify your current state of health with your primary care physician.  If they determine that you are in good health, then turning in this official report could mean your application will be reevaluated.

Sometimes, life insurance applications are denied due to occupational dangers, recreational hazards, criminal records, or financial instability.  If you have these records, but they aren’t updated or detailed enough, then an underwriter may deny you coverage because they cannot accurately assess your risk.  So, by providing additional information, you can have your application reevaluated and potentially accepted.

If it turns out that the insurer denied you coverage for a legitimate reason, then you can always try your luck with a new insurance provider.  For assistance with your life insurance needs, contact the experts at ISU-Wissink Insurance in Culver City, New York.  Our dedicated team is eager to get you the coverage that you need today.

Leave a Comment