What Could Keep You From Getting Life Insurance?

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These factors could keep you from securing life insurance coverage.

Life insurance can provide a financial safety net for your loved ones when you are no longer around. Purchasing a policy is an important part of protecting your family and planning future finances. However, some people may struggle to get approved for a policy. We take a look at the common reasons why this may be the case.

  • Thrill-seeking

Accidents of all kinds soar into the hundreds of thousands every year in America. If you’ve got an adventurous outlook and you like to participate in dangerous hobbies like sky-diving, rock climbing or white-water rafting, you may find that no insurer will jump at the chance of insuring you. The riskier your lifestyle, the more you may struggle to obtain coverage.

  • Overseas travel

If you routinely travel abroad, a life insurance company may refuse to accept your application. Insurers sometimes assign risk levels to different countries based on the likelihood that you could contract a serious illness there. If you are able to get approved, you may face higher premiums.

  • A poor driving history

That’s right – life insurers are concerned with your driving record. If you have a history of accidents that suggest you’re a reckless driver, then you may not be able to secure life insurance coverage.

If you are turned down for life insurance, you still have some options. You can ask if your employer offers life insurance as part of its benefits package or you can look into guaranteed plans that don’t require medical exams.

For more information about selecting the right life insurance policy to suit your needs in Phoenix, Arizona, contact the team at American Premier Insurance. As life insurance experts, we’re able to walk you through the process of selecting the right policy to meet your needs.