Surprising Factors That Could Prevent You from Getting Life Insurance
Learn which factors could affect your ability to get life insurance coverage.
While most people know that health issues can prevent them from getting life insurance, did you know that there are other factors that can prevent you from getting the coverage you need? Here are some of the factors and circumstances that might cause an insurer to reject your life insurance application.
- You’re a Bad Driver
When you apply for life insurance, one of the things that most insurance providers will look at is your driving record. If you have a history of accidents, traffic tickets, or more serious offenses, you might be considered too risky to insure. This, in turn, can result in your life insurance application getting completely rejected.
- You’re a Daredevil
You might be surprised to know that your hobbies and interests can affect your ability to get life insurance. If you are interested in activities that are considered dangerous, insurers might consider you too high-risk to insure. For instance, individuals who are into skydiving, white water rafting, rock climbing, or other extreme sports might have trouble getting access to life insurance.
- You’ve Filled Out the Application Incorrectly
When you go to apply for life insurance, you will have to answer an extensive list of questions regarding your health, finances, interests, and so on. If you are dishonest with some of your answers, such as inflating your income, this could be automatic grounds for rejecting your application. When it comes to applying for life insurance, it’s always best to stick to the truth.
These are some of the factors that could negatively affect your ability to get life insurance. Do you have more questions regarding your life insurance coverage? Then turn to us at East End Insurance Agency in Southold, New York. We are ready to assist you with all your coverage needs. Contact us to get started today.Tags: Surprising Factors That Could Prevent You from Getting Life Insurance