Financial Information
What recourse do I have after being poorly rated for life insurance coverage (e.g. high rates)?
Question : What recourse do I have after being poorly rated for life insurance coverage (e.g. high rates)?
If I re-apply, is there a database that another insurance company can see that reveals the results of a prior application? Does the life insurance co. have access to any and all medical records, or only those held by the doctor you indicate on your application?
life insurance rates
Best answer:
Answer by acermill
You’re trying to beat the system. If you do not disclose fully what types of conditions you currently have, a life insurer can deny a payout upon death, if information reveals that you did not properly disclose your current conditions. Yes, it happens.
-
-
#2 written by mbrcatz 1 year ago
Your recourse, is to change your lifestyle for several years, and try again.
Yes, there is a database, and prior information is available. They have limited information available through the Medical Information Bureau, MIB, but when they see the couple lines there, they will ASK you and your doctor for more details.
- Comment Feed for this Post
The application gives the life insurance co. access to your medical records from a central databank.
Your best bet is to do what you can to fix whatever the problems are (quit smoking, lose weight, start excercising, get the diabetes under control, whatever), wait a few years, and try again.
Try this site to find the best life insurance
http://best-life-insurance-usa.blogspot.com/
Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.