What Could Prevent You from Getting Life Insurance?

Reasons why your life insurance application might get rejected.check box asking "Are you insured?"

If you are young and relatively healthy, then you might assume that securing life insurance will be easy.  However, this isn’t always the case.  Aside from your health, there are other factors that could make you too high-risk to insure.  Here are some of the things that could prevent you from securing life insurance.

Risk-Taking Habits

When applying for life insurance, you will be asked about your hobbies and general lifestyle.  If you are interested in thrill-seeking activities such as skydiving, rock climbing, or white water rafting, then the insurance company will equate your risk-taking lifestyle with higher chances of a fatal accident.  This risk may result in them denying your life insurance application.

Bad Driving History

Traffic accidents are among the most common causes of death in the U.S., and the majority of these accidents are caused by reckless driving behaviors.  This is why life insurance companies will look at your driving history to determine what kind of driver you are.  If your driving record is littered with accidents, moving violations, or other driving offenses, then the company will consider you a risky driver.  As your recklessness increases your chance of a fatal accident, life insurers will be more likely to deny you coverage.

Overseas Travel

If you travel overseas frequently, then this could cause life insurance companies to deny you coverage.  This is because life insurers assign different risk values to different countries based on your chances of catching a serious illness or being caught up in other dangerous events.  If you often travel to countries that the insurer considers high risk, then this might result in the company refusing to offer you coverage.

These are some of the things that could prevent you from securing life insurance.  Do you have more questions about your life insurance coverage?  If so, then contact the experts at VGW Walker Insurance in Texas.  We are ready to get you the coverage that you need today.

Give us your questions, feedback and opinions on this topic.