So, this means an agent should be able to pick up on-and work around-any red flags in your application that might have caused you to be denied in the first place. If you havenвЂ™t done this already, itвЂ™s time to call an expert! An independent life insurance agent is a lifeline at a time like this.ДЄnd the good thing about agents is that they know the ins and outs of the life insurance underwriting process (all the behind-the-scenes stuff that decides if your application is approved or denied). Just remember: If you leave your job, youвЂ™ll lose your coverage. Your workplace life insurance plan could help you get coverage in a pinch because they donвЂ™t ask for a medical exam. But donвЂ™t sign up for any extra вЂњridersвЂќ you are offered by the company benefits representative-they are not worth it!

Supplementing your group plan is an option if you need it and really have no other options. If you want to increase its payout, you can вЂњsupplementвЂќ it, but this will cost you. HereвЂ™s the deal: It wonвЂ™t give you the 10вЂ“12 times your income coverage that we recommend, but it will offer something in the way of a death benefit until you can get your own term life insurance down the road.ДЄ group plan usually doesnвЂ™t cost you anything either.

Your workplace could offer a groupВ term life insurance plan that you could sign up for. If it looks like your life insurance application is truly denied, itвЂ™s time to check with your employer. You can appeal nonmedical reasons too, like an out-of-date financial record, a lapsed driving offense, or incorrect details about your job and hobbies that put you in the high-risk category. The best way to do this is by asking your doctor to provide the insurance company with as much up-to-date information from your medical file as possible. If the reason you were denied is based on incorrect or insufficient medical information, you have the right to appeal. How much life insurance do you need? Find out with our freeВ calculator! Once you have the reasons why, you can make sure they have their facts straight-because no one knows your situation better than you! If any of the information they sent back doesnвЂ™t look up to date or is just plain wrong, now is the time to appeal. Their reasons could be anything from a serious medical condition (like heart disease) or poor results from your life insurance medical exam to nonmedical reasons like bankruptcy, a criminal record, a positive drug test or even a dangerous hobby. Insurance companies look at your medical and nonmedical risks when theyвЂ™re running through your application. So if this happens to you, your first move should be to contact your insurance agent or company to find out why. вЂќ is enough to worry anyone-especially if you have a family who relies on your income.

Opening that letter from the life insurance company and seeing, вЂњSorry, but. If this happens, whatвЂ™s your next move?ДonвЂ™t worry: There are options out there, and weвЂ™re here to walk you through exactly what you should do if your life insurance application is denied. ThereвЂ™s nothing worse than hitting a roadblock when youвЂ™re trying to do the right thing to protect your family, right? Like applying for life insurance only to find out your application has been denied.

Term life no physical exam