What is Insurability for Life Insurance?
Insurability for a life insurance policy refers to how likely an applicant is to be offered life insurance coverage based on his or her current health, medical background, family health history and other important risk factors that are considered when underwriting and approving an applicant for a life insurance policy.
If you are healthy and under age 80 you may be insurable for life insurance.
If you are over age 80, have a chronic health issue, poor driving record, or criminal history, you may be uninsurable for life insurance through most insurance companies.
Here's how people uninsurable for life insurance may still be able to get life insurance coverage.
Insurability for a life insurance policy refers to how likely an applicant is to be offered life insurance coverage based on his or her current health, medical background, family health history and other important risk factors that are considered when underwriting and approving an applicant for a life insurance policy.
If you are healthy and under age 80 you may be insurable for life insurance.
If you are over age 80, have a chronic health issue, poor driving record, or criminal history, you may be uninsurable for life insurance through most insurance companies.
Here's how people uninsurable for life insurance may still be able to get life insurance coverage.
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