Most people are blindsided when they learn they have been denied a life insurance policy. However, underwriters have guidelines they follow when determining whether to issue a policy. Wichalonis Insurance Agency, serving Cumming, GA, can help you find a life insurance policy to meet your needs.
Your Health Isn’t Good
Insurers view chronic health conditions as a risk. Obesity is an epidemic worldwide, often leading to other health problems, making it a prime reason for denial. Other hazards include high blood pressure, diabetes, high cholesterol, and a previous history of cancer. Chronic diseases, such as HIV, heart disease, asthma, Parkinson’s, or Alzheimer’s, can also lead to denial. If your urine test indicated blood or protein, you may have undiagnosed kidney disease. Age is also a factor, as many people develop problems as they age.
Your Lifestyle May Be a Reason
Many companies require a blood test along with a physical. Insurers will assess your blood for alcohol consumption. If it’s much higher than normal, they will deny a policy. Lifestyle can also include your occupation. These are deemed high risk:
- Airline pilots
- Refuse and recyclable collectors
- Fishers and related workers
- Structural steel and ironworkers
- Truck Drivers
- Farmers and ranchers
- Construction workers
Other Reasons for Denial
Some denials may not make much sense to the average person, yet insurance providers have their reasons. You can also be denied if you make little money. When you apply, your current income and net worth will dictate how much coverage you can get. However, some companies place internal restrictions on applicants as a cost-saving mechanism.
Even if you have had a previous life insurance denial in Cumming, GA, Wichalonis Insurance Agency can help. Contact our office today to get started on your life insurance quote.