6 Reasons Why People Get Turned Down for Life Insurance
Life insurance is a necessity today, and responsible adults will strongly consider getting some form of insurance in order to cover final expenses and to provide for their families after they’re gone. As important as it is, life insurance can also be difficult to obtain for some. Health concerns, age, and other risk factors can make a policy difficult to find. If you’ve been denied a life insurance policy, you may have been given a reason why, but if not then consider the 6 most common reasons someone might be denied coverage.
1. Smoking
Life insurance for smokers can be very difficult to come by simply because of the damage to your health caused by smoking, and the fact that many smokers suffer earlier deaths than nonsmokers in the same age bracket. It is possible to obtain a policy if you do smoke but you may need to shop around to find such a policy, and in the meantime, you may consider this as just one more encouragement to quit the habit!
2. Diabetes
As with smokers, life insurance for diabetics can be difficult to find because of the seriousness of the disease. Diabetes can lead to heart problems, infections, and slow healing especially after surgery or serious wounds. There are companies that offer these policies but again, you may need to search a little harder to find what you need. You might also need to provide proof that the diabetes is being managed and is under control to qualify for a policy.
3. Hypertension
High blood pressure, especially if not treated properly, can lead to stroke and other serious and fatal conditions. You may find it easier to get a policy if your hypertension is currently controlled, but this may still put you in a high risk category. You might also have certain requirements such as ore regular checkups for your policy to remain in force, to ensure that you are always being treated for your condition.
4. Obesity
Being obese is not just a matter of aesthetics; this condition is linked to hypertension, heart disease, asthma, increased risk of heart attacks, certain cancers, and sleep apnea, any and all of which can be fatal. A person who is obese may need to search for high risk life insurance. They may also need to show that they are under a doctor’s care for any of the health concerns they may have because of their obesity.
5. Age
Those over 50 usually have a harder time finding life insurance than others because they do not have as much time to pay on that insurance policy as someone who is much younger. Their longevity is more limited so a carrier may reject them on that basis alone. Those over 50 are also typically more prone to serious health concerns and risks, which is also why it’s often difficult for them to find a policy, even if they’re in good health.
6. A combination of factors
While some companies may insure those who are over 50 or those who have hypertension, if you have a combination of these factors then it may be very difficult to find a policy. Those who have more than one risk factor when it comes to life insurance may struggle to find an adequate policy at a price they can afford.
None of these factors should put anyone off to shopping around for a policy that’s right for them. There are many companies who offer no medical exam life insurance and who will work with you to craft a policy that is right for your situation and for your budget. If you’ve been turned down for coverage from the same company that provides your auto or homeowner’s policy, you may simply need to choose a company that specializes in life insurance to get the coverage you want and need. There are plenty of options from which to choose no matter your situation, so don’t delay in getting quotes. This will mean the protection you need for your family at a price you can afford.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
Life insurance is a necessity today, and responsible adults will strongly consider getting some form of insurance in order to cover final expenses and to provide for their families after they’re gone. As important as it is, life insurance can also be difficult to obtain for some. Health concerns, age, and other risk factors can make a policy difficult to find. If you’ve been denied a life insurance policy, you may have been given a reason why, but if not then consider the 6 most common reasons someone might be denied coverage.
1. Smoking
Life insurance for smokers can be very difficult to come by simply because of the damage to your health caused by smoking, and the fact that many smokers suffer earlier deaths than nonsmokers in the same age bracket. It is possible to obtain a policy if you do smoke but you may need to shop around to find such a policy, and in the meantime, you may consider this as just one more encouragement to quit the habit!
2. Diabetes
As with smokers, life insurance for diabetics can be difficult to find because of the seriousness of the disease. Diabetes can lead to heart problems, infections, and slow healing especially after surgery or serious wounds. There are companies that offer these policies but again, you may need to search a little harder to find what you need. You might also need to provide proof that the diabetes is being managed and is under control to qualify for a policy.
3. Hypertension
High blood pressure, especially if not treated properly, can lead to stroke and other serious and fatal conditions. You may find it easier to get a policy if your hypertension is currently controlled, but this may still put you in a high risk category. You might also have certain requirements such as ore regular checkups for your policy to remain in force, to ensure that you are always being treated for your condition.
4. Obesity
Being obese is not just a matter of aesthetics; this condition is linked to hypertension, heart disease, asthma, increased risk of heart attacks, certain cancers, and sleep apnea, any and all of which can be fatal. A person who is obese may need to search for high risk life insurance. They may also need to show that they are under a doctor’s care for any of the health concerns they may have because of their obesity.
5. Age
Those over 50 usually have a harder time finding life insurance than others because they do not have as much time to pay on that insurance policy as someone who is much younger. Their longevity is more limited so a carrier may reject them on that basis alone. Those over 50 are also typically more prone to serious health concerns and risks, which is also why it’s often difficult for them to find a policy, even if they’re in good health.
6. A combination of factors
While some companies may insure those who are over 50 or those who have hypertension, if you have a combination of these factors then it may be very difficult to find a policy. Those who have more than one risk factor when it comes to life insurance may struggle to find an adequate policy at a price they can afford.
None of these factors should put anyone off to shopping around for a policy that’s right for them. There are many companies who offer no medical exam life insurance and who will work with you to craft a policy that is right for your situation and for your budget. If you’ve been turned down for coverage from the same company that provides your auto or homeowner’s policy, you may simply need to choose a company that specializes in life insurance to get the coverage you want and need. There are plenty of options from which to choose no matter your situation, so don’t delay in getting quotes. This will mean the protection you need for your family at a price you can afford.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
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