Some Reasons You Could be Refused Life Insurance

Insurance companies deciding on life insurance for potential clients isn’t easy. There are a lot of factors that go into the decision, with risk being the most important one. Sometimes coverage can even be refused completely and leave people without the peace of mind of knowing they are taken care of.

Here are some reasons you can be refused life insurance:

Age

Simple fact: the older you are, the higher risk you are to life insurance companies. Once people reach the age of 50, they are less likely to be approved for life insurance without a physical. Once most people reach the age of 85 it is next to impossible to get a life insurance policy.

Health

It’s hard to get life insurance if you’re dealing with health conditions that make you risky to life insurance companies. Some conditions that see almost instant refusal are type 1 diabetes, HIV/AIDS, cancer and a recent heart attack. Being a smoker also doesn’t help, along with being overweight.

Lifestyle

Life insurance companies don’t like to insure those that participate in risky activities like skydiving, motorsports or mountain climbing. The life insurance companies will deem you a giant risk and you could either be refused coverage or face extremely high premiums. Other lifestyle factors that could limit you are a history of DUIs or speeding tickets.

Life insurance is important and it’s important to know where you stand while trying to get coverage. Let one of our agents help you see what you need to do to get approved. Call KJE Consultants today at (866) 260-5330 for more information on New York life insurance.