No. In fact, many people are denied life insurance coverage because of their age, health, or lifestyle.
Life insurance companies are in business to make money, so they choose not to insure those people with serious health issues, or those who are considered too high a risk for life insurance due to their lifestyle.
Common reasons people may be turned down for life insurance may include:
- Multiple DUI's
- Over 85 years old
- High Risk Occupation
- High Risk Hobbies
However, even if you have been denied life insurance, there are still guaranteed issue life insurance plans available for people ages 45 to 85.
Guaranteed life insurance means you cannot be turned down due to any health reasons. If you meet the age requirements, and you can pay the premiums, you can get insured.