What Can I Do If I Am Turned Down For Life Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    The life insurance industry is a huge segment of the financial sector with hundreds of companies that compete for business. A declination from one carrier may not be a declination for another. After a declination It's prudent to shop for life insurance companies that are known impaired risk carriers. And keep in mind that you can always shop simplified or guaranteed issue if conventional underwriting fails.
    Answered on September 5, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If you are turned down for life insurance, a good first step is to find out the reason for the decline. That will help you know if it is something that can be appealed or corrected, or give you solid information to take with you when looking for another policy. A good impaired risk agent can be of immense help after a decline.
    Answered on September 6, 2013
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