Why Do Life Insurance Companies Deny Coverage?

Have you been turned down for life insurance?

If so, you may be wondering why insurers would deny someone life insurance.

Since insurers are in business to make a profit, they usually won't insure someone who poses a serious health risk, meaning that person may have a shortened life expectancy. And, that the insurer would end up paying a death claim sooner rather than later.

There are several common reasons someone may be declined for life insurance, which may include:

Age - People over age 75 or 80.

Health - People who have a chronic or terminal health condition.

Driving Record - Someone who has 2 or more DUIs in the past 5 years.

Hobbies - High risk hobbies.

Occupation - High risk jobs.

Lifestyle - Drug and/or alcohol abuse.

Learn more about why life insurance carriers deny coverage?