What To Do If Your Are Denied Life Insurance

Rejection happens to the best of us. Things are no different when it comes to life insurance: some companies might reject your application for a policy. If you get denied for life insurance coverage, you might question why you were denied. There could be a number of reasons, such as your financial history, health, lifestyle, or driving record. But the good news is, just because you’ve been rejected by one company doesn’t mean you can’t get a life insurance policy! Once the shock of being denied has settled, there are steps you can take to find a great, affordable life insurance policy that will give you and your family peace of mind.

tablet with mail on it and microscope over it
If you are denied life insurance, then collect information as to why you were denied to make sure there was no mistake.

Collect Information

The first thing you need to do is begin gathering information in regards to why you were denied life insurance. This will help you to understand what happened, and help figure out if there was some sort of misunderstanding. As an applicant, you have the right to request this information.

Verify Results

One possible reason for your denial could be a simple error. You or the insurance company could have made a mistake when filling out paperwork, or the information you have given could be incomplete. In addition, you could have medical records that have not been updated or are not detailed enough. Double check with the insurance company, your doctor if the problem is related to your health, or the Department of Motor Vehicles if there was an issue with your driving record. If for some reason there was an error, you can appeal the decision with the documentation necessary to reverse the insurance company’s decision.

Make Some Lifestyle Changes

woman's hand rejecting a pack of cigarettes in a man's hand.
If you quit smoking, you can re-apply for life insurance and get a cheaper rate.

If you are denied due to pre-existing conditions, or being a smoker, you can increase your odds of being approved for a different life insurance policy by making some changes. Show that you are willing to manage your conditions with regular exercise and healthy eating. Stop smoking if you can, which will even allow you to get lower rates! And don’t give up: in some cases, a life insurance company will not deny you outright, but will postpone your application a couple of months to give you time to make some changes. They will usually do this if you have had a recent medical diagnosis, so you have time to adjust to the changes and any new medication. 

Explore Your Options!

Life insurance companies all rate the risk of different medical conditions in different ways. So if you are denied because of a medical condition, there might be another company that will provide you with coverage. Remember, too, that there are a number of different types of policies to choose from that will offer your family protection when you are gone. For example, if you get rejected for permanent life insurance, you could still apply for a different type of policy, such as term life insurance, simplified issue life insurance, or final expense life insurance. You will be accepted for simplified issue life insurance even if you have a pre-existing condition, because this type of coverage does not require a medical exam. The possibilities are endless when it comes to getting a life insurance policy, all you have to do is shop around and work with an agent. 

A rejected application doesn’t mean that you won’t be able to get life insurance to protect your family and their assets. There are many different life insurance policies to choose from, and even with health conditions, you can find an affordable plan with great coverage. Consider using online tools, or speaking with an agent. We have provided the top insurance companies that offer life insurance policies below; each can give you hassle-free assistance and the most competitive rates in the nation. Always check multiple sites to make sure you have bargaining power and know the advantages of each company. Make sure a hard time isn’t made harder by a financial burden, check life insurance rates today.

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