10 Reasons You Could Be Denied For Life Insurance

Past Denials

Insurance companies are closer linked than one might think. If one company denies an application for health or life insurance, they cannot just go to another company and expect a completely unbiased start. Insurance companies utilize the Medical Information Bureau, which holds records of life insurance applications (among other things). This is to prevent those individuals who lie on life insurance applications from trying to pull off the same scam on other companies after being denied. It should be said that being denied for a life insurance policy by one company does not mean the applicant will never be approved by another company. This is especially true if the reason they were declined in the past is no longer an issue, such as a cured disease or rehabilitated drug use.