Why are People Rated or Turned Down for Life Insurance?

If you are ill or have some health risks you may be rated or declined for life insurance coverage.

If someone is at risk for a heart attack he or she would be heavily rated, which means you would pay a lot more for your life insurance compared to someone who has no risk of heart attach.

If someone has Hepatitis, Cancer or AIDS, he or she may be declined, although there are some life insurance companies available that will still issue life insurance policies if the applicant can afford them.

Guaranteed issue life insurance may offer guaranteed approval for people age 45 to 85, which means you cannot be turned down due to any health problems.

Some guaranteed issue plans offer up to $25,000 of life insurance, and you may be able to purchase this type of life insurance from more than one life insurance company.

Here's how to learn more about life insurance for people who have been turned down