I have been rejected for Life Insurance
I have been rejected for Life Insurance
Perhaps a statement seen on TV and decided to try calling for life insurance were not examined. Perhaps the work of the spouse's offer extended coverage to you. Maybe you belong to an organization that has offered a life or have a flyer in the mail, or many "simple" types of life insurance is sold in those days.
If you have a disease or other risk factors could be thought of in this waypolicy was the answer. It may have been surprised to find were rejected.
Companies that specialize in life insurance CONDITIONS health, as much as 50% of applicants were rejected that of any other life insurance or the once '. Many were formerly non-agent by the "simple kind of policy they had tried talking with us. They often do not see or understand the conditions for recognition, and sometimes decreased forsomething they did not know they had, in a dish, I did not know! Others spoke with an agent, the insurance on the test and had all their medical records review, must be rejected.
Here are the Top 5 reasons why I corrected or determined that applicants for life insurance has fallen, and how each type can be avoided decline.
1) The product does not meet your health
If no exclusionsclear, or the ad is misleading, you are looking for a rapid implementation of the policy, the question was not really designed for your medical condition. Similarly, if the manufacturer is limited in a position to offer a choice I do not know the health condition or in a hurry to make a sale, he ask the right questions or do not fit the best product for your situation.
How can you prevent or correct this decline: Call the company before asking a representative to speakInformation on eligibility and explain the fine print for you. Better yet, call an agency that handles many products and speak with a trained agent who understands the condition. Have him / her to run together through the selection until you find a product, your health, matching your budget and type of coverage needed.
2) The request was incorrect or missing data
With no one to talk or send your application, it can easily be overlooked or a voidFill out a bit 'wrong. Could be used for an amount exceeding the face as age permits, signed the application of another state or someone else's need as a payer or owner to sign. If someone does not contact you for help to correct even small things such as a mailbox instead of a road can cause your application to be rejected.
How can you prevent or correct this decline: If you own application directly to the company, follow up with phone callsask if the application is compiled correctly. Better yet, consult a qualified agency to complete the appropriate application on the phone, in person, or be sure that your agent will "scrub" to ensure implementation (everything is correct and complete) before sending.
3) something about your comment that you did not know
Simplified issue policies require an examination or medical records based on "behind theScenes' record to determine whether you are entitled. This includes MIB (Medical Information Bureau), pharmacy records, and MVR (Motor Vehicle Report). If you answered the questions (on your application and telephone interview, if a phone interview is required) not with what is in these records, you will probably be rejected neck.
How can you prevent or correct this decline: first, be aware of before, at any time request life insurance, evenif a policy recently that you see on TV, medical information about your application will "code" on your MIB future business I see. This includes a code for the past declines. Having been rejected in the past, does not automatically make you ineligible for most products. But if you can avoid reading a decline of only small type is a good idea.
You http://www.MIB.com before use, to know the MIB and ask them to learn to go and see your relationship. It can helpget a list of your medications in the last five years from your pharmacist (s) so you can verify that you were each required and why. If there are errors on your reports, they are corrected before the application to obtain, if possible (or medical record, indicating the correct data).
4) incomplete medical records
Someone went for a policy that required examinations and medical records, even if their healthclear that the policy qualified. The reason for the decline? The doctor did not support the medical records request. Often applicants do not even know this is the reason that nobody has told them! Almost as common reason for the decline is that doctors in the medical records of patients reported that they did test requires a never been. Although the right condition and the test is never used, without further explanation, this may be a causejurisdiction.
How can you prevent or correct this decline: List all physicians you have seen your diagnosis in the last five years (or, if applicable) to your application. If your case has been in process for 6 weeks and have not heard of any, please contact your agent to determine if the medical records were turned in. Better yet, an institution that provides a personal case manager, you are using regular updates and tips on how you can helpSpeed up the underwriting process.
Maybe you need to complete the tests before recommending be approved. Or, the circumstances or get a ticket to explain the doctor to avoid. Working with an experienced agent, reducing the risk of life insurance is very useful in similar situations.
5) It was all done correctly, but your health is not only the ability of this product
This should beNumber one reason for the decline, not the number five. qualified agents who have knowledge of the assessment of your health is to qualify a smorgasboard of products for people with health conditions and access to require carriers to ask, it is usually possible through the jungle to choose the right product and a guide to decision acceptable to compete at the request and records. Sometimes, however, after reviewing your medical history, the carrier can not simply consent toProduct that you thought and you and your agent, you have a shot in.
Where to go from this: Use an agent and / or Web site, the insurance company specializing in impaired risk life, see the next best product. Cost more, but there is something out there for you in almost any situation.
I can not close this article without referring to the emotional impact of refusal of insurance for life. How can the reasons mentioned above, but to saymay be reduced to having to do with you! But almost every fall evokes one of the following reactions;
1) The feeling sicker than you really are.
And 'terrrible see a client become mortified to think that, after a decline that their health is not as good as they thought. Note that doctors and insurers, life does not necessarily evaluate the health the same way. For example: What does your doctor a toleratedCholesterol number that businesses can you experience a decline of an insurance company. Do not let you down! Your doctor knows you better. Move the best solution is simple to do and not give up.
2) Anger
I hate to say it, but often this anger is justified. Whenever you work with a system and gives the opportunity for large companies to go a bit 'wrong. Agents should be your buffer, but sometimes it does a great job that the person or things beyond their control. Just do notpersonally or let your anger get hold of the rebound on the cover you need.
3) Disillusionment
If you were a mail-in product, one can conclude that all these fake offers are declined. If you use a dry site, which lies on the left, one can assume that all sites that are like life insurance. Or you may find that you are not really insurable.
All these reactions are understandable, but not based in fact.Do your homework and find what looks like a trusted site or an agent for your situation. You may be pleasantly surprised next time
Then he feels terrible for life insurance. But if you know why, how and happen, you are better prepared to endorse. Do not be afraid to ask for help. And good luck!
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