Even if you have been turned down for life insurance coverage, you may still be able to qualify for a policy.
There are some insurance brokers that specialize in placing life insurance for high risk people who have been denied coverage due to their age, health, lifestyle, occupation, hobbies or driving record.
Also, there are guaranteed issue life insurance plans that offer guaranteed approval on life insurance for people meeting the age requirements for acceptance. Most of these guaranteed plans provide coverage for people age 45 to 75, age 50 to 80, or age 45-85 depending on the insurance company.
With guaranteed approval life insurance you pay higher than standard rates for your life insurance policy and the amount of coverage may be limited to $20,000 or less.
In addition, there are graded benefits the first two years you are insured, which means you won't have full coverage immediately. However, once you have been insured by the policy for 2 years, if you pass away after that time, your beneficiary would receive the full death benefit.
With guaranteed issue coverage there are no doctor exams required and no health questions asked.
Learn more about guaranteed approval life insurance today.