Substandard Impaired Risk Life Insurance

Substandard and Impaired Risk Life Insurance!

This is a topic that is near and dear to our hearts here at the Lifeinsurance-pros. You see we have been in the life insurance business for many years and one of the best accomplishments we can do if find someone with a health issue (serious or mild) affordable life insurance coverage.

Substandard Impaired Risk Life Insurance means that you have a health, lifestyle of avocation issue and you will not qualify for the Preferred or regular Standard rate classes. Typically we see issues like, Diabetes, Cancer, Piloting or Aviation just to name a few to start with. Luckily we are experts in Substandard and Impaired Risk underwriting so you will find below in the table or over on the side tabs a page that relates to your specific health, lifestyle or avocation issue. From there you can call us direct, send an email or fill in the quote request form for us to evaluate your condition or issue and see what offers we may try and obtain for you.

Some of the top Substandard-Impaired Risk Life Insurance health issues!

Have you been declined for Term Life Insurance?

When you are declined for life insurance, there are a number of steps that you should take so you can try and obtain coverage. First you need to explore other options for coverage and you can do that here with the Lifeinsurance-pros. Below you will find some other helpful hints and tips to obtain coverage for yourself.

1) Draft a letter to the carrier requesting that the reasons for the declination be forward to the client’s Dr. 
2) Sign and date the letter.
3) Fax the letter to the declining carriers underwriting department.
4) Obtain in writing from the carrier an acknowledgement of the client’s request as well as an estimate of when the information will arrive at the client’s doctor.
5) Make an appointment with your doctor to review the information.
6) After you have reviewed the information with his or her doctor, find out if any additional tests or procedures are planned.

Your options now are to renegotiate your offer or find a new Life Insurance Carrier to submit too.

Even without additional medical testing or clarification, you can appeal the original carrier decision. However, you will also need to think about approaching other resources.

Helpful tips to get a better offer or to appeal!

1) Appealing the original declination without new medical information is a waste of time. Take the case to a brokerage outlet that specializes in substandard underwriting and get a second opinion like us here.

2) If there is new medical information, then an appeal is in order. This is provided if you still wish to pursue the case.

3) Don’t get your hopes up, fact of the matter is you have been declined or rated for a reason you can either improve by trying or simply not take the insurance offer.