Why do people get denied life insurance? The biggest reason that people get denied is because the policy they applied for is not one that they qualify for. They may not qualify because their health, their age, or even their income does not fit the guidelines for that policy.
The sad thing is, many declines could be prevented by visiting with knowledgeable agents who understand what products best fit each person's situation. And many less people would be declined if they would answer the agent's questions without trying to hide things. Those things usually catch up with you in the end, so it is much less frustrating to get them all out in the open at the start and allow your agent to find you a policy that you indeed can get and not be denied.
There are a variety of reasons that can trigger a declination. The leading cause of declination is your health condition where the company has calculated your life expectancy is unprofitable for the company to take on the risk of your demise. Hazardous recreations and vocations can also cause a declination. A motor vehicle report with several moving violations in a 2-3 year period or DUIs can result in a declination.
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The sad thing is, many declines could be prevented by visiting with knowledgeable agents who understand what products best fit each person's situation. And many less people would be declined if they would answer the agent's questions without trying to hide things. Those things usually catch up with you in the end, so it is much less frustrating to get them all out in the open at the start and allow your agent to find you a policy that you indeed can get and not be denied.