Does Life Insurance Check Your Credit?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Unless you are applying for a very large policy, credit is not usually an issue when it come to life insurance.  The only reason a company may check credit is to determine affordability and the need for a large policy.  I have never had a credit issue with an application for life insurance.
    Answered on June 7, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance will check to see if you are in bankruptcy or working on a settlement plan, and this could involve checking your credit, as I have found out by experience. It takes a large policy and a very poor credit record for it to be a problem. Even in the midst of bankruptcies there are policies that can be purchased.
    Answered on June 7, 2013
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