Facts of Life Insurance – How To Handle A Decline

If you have been declined for life insurance all hope is not lost.  Insurance underwriters don’t like uncertainty.  If a client has medical issue the underwriting department would rather see a period of time between the occurrence and the treatment provided as well as successful follow-ups.  Any ambiguity and they always assume the worst.  No news is bad news.

Check out ways to avoid being declined: How To Avoid Being Declined


Ideas to Consider if You’ve Been Declined:

1. Pick A Better Company – If you worked with a captive agent then the solution that was presented to you at application was within whatever company that agent represented.  Clearly that wasn’t the best fit.

2. Shop Around – Companies change their underwriting standards.  Some companies are more aggressive with certain health issues than others.  Sometimes depending on their existing portfolio a company could more lenient on diabetes or heart issues for example.

3. Avoid a Second Decline – Companies can view your history through the MIB.  One red flag like a decline that pops up is less than ideal but, a second would really sting.

4. Better Explanation of Your Situation – An underwriter just reviews the material that’s put in front of them.  A conversation or a cover letter outlining your past declination may present your case in a better light and many times can change the mindset of the insurance company.

How To Handle A Decline Video

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Brevity & Associates

Brevity & Associates