Posted by (American Life Insurance Guide insurGuru©️) After some policyholders receive a "rejection of insurance" notice from the insurance company, they usually feel puzzled or even unhappy, "Why are they denied insurance?", "Isn't "I spend money" still not enough?"
When this happens, it usually means,Insurance companyFrom your background check, it is believed that some factors put you at risk of premature death.These conditions include but are not limited to diabetes, obesity, past cancer medical records, and even drunk driving records.
At the same time, excluding the complicated intermediate links, if you only look at the point-to-point relationship between the insurance company and the policyholder, theoretically, it is an equal relationship of equal and two-way choices.
But from the perspective of history and financial situation, a company with a history of over a hundred yearsInsurance companyCompared with independent insured individuals, it is in an absolute advantage position.
The formulation and existence of relevant laws and regulations of the federal government are used to restrict this market and create a relatively fair environment.
So if we put ourselves andInsurance companyPutting each other on an equal and negotiated position to look at and seek solutions to problems, after being denied insurance, there are actually other options, such as collecting and confirming materials from insurance companies, applying for other insurance companies, or applying Different types of insurance policies.
When an insurance application is rejected, we need to do the following 3 things.
1. Ask for information from the insurance company. Insurance companyAfter receiving your application, it will query data from various information agencies and evaluate your risk level.If the risk level is too high, you will encounter re-price ratings and refusal to cover your insurance.When these situations occur, you have the right to ask the insurance company for reasons for rejection.
After receiving your request,Insurance companyCan provide detailed information on why the insurance was denied, which may be medical records, current physical examination results, driving records or other reasons.If it is due tocurrentPhysical examination resultIf you come to refuse the insurance, this may be the most unfavorable situation for you.Because in this case, it is very likely that you have already suffered from a certain disease, but you still don't know it.
2. Reconfirm the result. Reconfirm submission toInsurance companyInformation.Because errors often occur.in casePhysical examination resultVery bad, check with your family doctor again.In some cases, the results of the physical examination show some data that you don't need to care about at all, but the insurance company does not understand it, and the insurance may be refused.
In other cases, you may be denied insurance because of dangerous occupational or entertainment hazards, criminal records or even financial problems.Since insurance companies cannot conduct risk assessments at all, if these records are not updated or inaccurate, it may result in denial of insurance.
3. Cooperate with brokers/advisors. The insurance company you want to apply for is not always the best one for you.You can tell your actual situation and needs toBroker/Consultant, Listen to them to find if there are more suitable suggestions.Experienced lifeInsurance brokerCan re-evaluate the information and find a product that is more suitable for you.
At the same time, during the underwriting process of the insurance company, the confirmation and transmission of data and information, as well as the communication link with the underwriting personnel of the insurance company,Broker/ConsultantBoth need to cooperate with you to complete the work.
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