Life Insurance Increase Denied?

I was trying to increase my life insurance coverage and switch from preferred smoker to preferred non-smoker since I quit smoking two years ago.

I was diagnosed with Ulcerative Colitis a year ago and have been doing fine since then.

I reported the disease as well as the medication I take to the life insurance company when I applied for the coverage change and increase.

They insurer sent a nurse to to my house to draw my blood for nicotine testing and I passed. They still denied me for the Ulcerative Colitis!

The life insurance company did not know that they were going to deny you the increase in coverage.

The insurer gathers all the information, including the blood test results first. After all the information is gathered, then, and only then, someone else looks at it to decide whether to deny you your request for increased coverage.

If they already knew that they were going to deny you, then they would not have wasted the money that it costs to run the blood test.

However, you may still have other options available for increasing your coverage amount.

In fact, some life insurance companies offer term life insurance with no exam required, just some health questions.

If you qualify, you may even start your new life insurance policy the same day.