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It can come as a bit of a shock to find out you have been declined life insurance . The main reasons for an insurance company refusing your application tend to be health and or occupation. declined life insurance cases can be hard work as no insurance company likes to refuse business, this tends to make other insurance companies want to put you application in the declined life insurance pile. If you have been declined life insurance it is very important that you do not rush into another application, as you stand a strong chance of having your application refused again. It could be that you have picked another insurer who will reject applications relating to your condition or an insurer who when they see on your application form that you have been declined life insurance they may use that as a basis for also not accepting your application. Our approach is different we put your cases directly in front of an underwriter who will give us a good indication of whether they will accept your case or apply any special terms to it. If they decide not to accept you case it doesn’t mean that you have another declined life insurance case that you have to declare on future application forms. Only when we feel that you stand a reasonable chance of acceptance do we make a formal application. This doesn’t mean that you will now be accepted but as long as you have declared everything, you stand a very good chance of being accepted. Even if you are declined life insurance again this approach at least minimises the amount of rejected applications you need to declare.
If you have had an application for insurance refused it can be a very confusing and worrying time. Many of the reasons an insurer will give for rejecting an application can come as quite a surprise. Many people have had their application for insurance refused for conditions that may appear surprising, high blood pressure, body weight and diabetes to name but a few. If you have had insurance refused for a condition, whether or not you feel the decline was appropriate, help is still at hand. Just because your insurance was refused by one company it doesn’t mean that your application won’t be accepted by other insurers. The trick is finding the right insurer before all providers declare your applications for life insurance refused. Our unique approach is based upon years of experience in dealing with people in your situation and the insurers. We understand their terms and conditions and will only place your business with an insurer who would be open to accepting your application, given your medical circumstances. This greatly reduces you chances of have your insurance refused again.
There are many reasons why you could be refused life insurance more often than not it is either to do with personal health issues or your occupation or life style. Just because you have been refused life insurance it doesn’t necessarily mean that you are uninsurable. While some cases require a high degree of work to present your application to an underwriter in some instances it may simply be that you have been refused life insurance simply because the insurer you applied to doesn’t cover your condition or occupation. This means that there may be another insurer out there who would be happy to accept you at standard rates. However the skill lies in knowing what insurers will accept and which insurers won’t. Furthermore the ability to place your case inform of a decision maker without making a formal application means that your chances of being officialy refused life insurance are dramatically reduced. It may be that for some reason you will always be refused life insurance and if that is the case we will inform you so. We do not charge a fee for the work we do on your behalf so if you have been refused life insurance you can do nothing better than ask Platinum to help you.
