Even if you have been denied life , there are still many options left for you. In such a scenario don’t assume a “no” to be an absolute and final “no” as you still have a chance to get the coverage from the insurer.

When life is denied gather facts

After you have submitted a claim for coverage, you should first of all look for reasons for denial of you request for life by the company. A letter seeking reason(s) for non extension your coverage should be demanded from the company.

It could be the underwriter’s error

It is quite possible that an error could have been made by the company’s underwriter while your application was being processed by him. Misinterpretation of your test results or even attachment of wrong results to your file could very well be a possibility. On receiving the letter from the company, carefully read it to match the test and find out whether you went through the same set of tests that it mentions.

Take help from your Doctor

You can approach your doctor in case your has been denied and ask him to provide further information about your current health and medical history to the company.

Obtain a copy of your Current and previous health records

You can request the Medical Information Bureau (MIB) for a copy of your medical file. Many life companies in the United States of America and Canada own the MIB. A database containing medical records of all applicants to one of its members is maintained by MIB under the following categories:

1. Life

2. Disability

3. Health

4. Long Term Care

5. Critical Illness

To save companies from applicants who commit errors while answering questions or those who deliberately provide fake information to the insurer, the MIB was set up. The information on your MIB file and the information furnished by you in your application are compared by the underwriter when you apply for an policy. Since a mismatch between the MIB file and your application can serve only as a warning to the underwriter, this information cannot be used as a basis for denial of your application.

You can apply to another Insurer

Criteria used to ascertain whom to extend the coverage to and who to mark as uninsurable differs from company to company. Denial of your application by one insurer would never mean that you will not be covered by a different carrier.

In case your application had been rejected citing reasons pertaining to your current health, you can reapply for the coverage if you find a positive change in your health. You might be considered a better risk now by the insurer than before. Your insurability could improve leaps and bound in a difference of six or twelve months.

Try getting Group Life

If the company at which you are employed has a group life at offer, you can apply for it. Owing to the fact that not everybody in the group who has acquired the would have a good health status, the insurer might charge more premium and you could at the end be paying more for your .

In case your employer does not provide you or you are self-employed, you could even then check out with the trade or professional associations or your college/ university associations for coverage.

State High Risk Pool

For people who are uninsurable, your state might be offering a high risk pool. Though, the criteria differ from state to state, you can obtain it by proving that you have been denied coverage by an insurer.

You are left with many options even if your application for cover has been denied.

 

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