Missouri Life Insurance
For people living in Missouri, life insurance is one of the best ways to protect those you love from financial hardship. If you are turned down for life insurance in MI, do you know what to do? You do have some options when you have been denied coverage for life insurance in Missouri. Please keep reading to learn more.
Missouri Life Insurance:No Need To Panic
Your application may be declined outright, or the insurance company may request more information from you before determining whether it will offer you a MO life insurance policy or not. There is no reason to panic. Before you can respond properly to what the insurance company's underwriter has decided, you need to get clear on what his or her reason was for making the decision they did.
Missouri Life Insurance: Get More Information
You have the right to be notified as to the exact reason why your application has been declined. Contact the insurance company, preferably in writing, to request this information. Putting the request in writing is a good approach because you have a paper trail to follow that includes all of your dealings with the company. If you decide to make a formal complaint later on, you will need to produce supporting documentation. Some important points you need to know:
- The company may send a letter outlining the reason for the refusal or wanting more information to you directly, or it may release this information to your doctor.
- If your doctor is the one who received the letter from the insurance company, then make an appointment with your doctor to discuss this information.
- If you don't understand the reasons or you have questions about test results that were used by the underwriter to make the decision, then do ask your doctor to explain what these things mean.
- If you were turned down based on test results, then ask your doctor whether it's possible the test was flawed or if you have a serious medical condition that you were not previously aware of.
For some insurance company underwriters, who have multiple applications coming in at any one time, anything that is in the least bit out of the ordinary may be cause to have a person's application turned down. All the underwriter sees is what is in front of him or her in black and white. You don't have the opportunity to provide any additional information or dispute anything. That doesn't mean that you have no recourse, though.
Missouri Life Insurance: Give The Company More Information
If you are in good health and have other information that may shed some light on the matter of your life insurance application, do share it with the company and ask it to reconsider your application. Your doctor may be able to help you with this, especially if you have reason to believe that a test result was mistaken.
You may want to consider giving your doctor the authority to communicate with the insurance company about your application for life insurance. If the insurance company asks for more tests or that you submit to medical examination then do so. The information gleaned from these procedures may help you to get coverage.
In a situation where the test results indicate that you are living with a medical condition and you are still interested in being insured by that company, you can present evidence that the condition is under control and that you are not suffering any health consequences (including shortened life expectancy) as a result. If you can demonstrate to the company's satisfaction that your medical condition is not a factor, then you may still be able to get approved.
Missouri Life Insurance: All Companies Are Different
If you have tried your best and the insurance company still refuses to cover you, then you do have the option of applying to another company. Each insurer has different policies about when they will extend coverage and it's possible that you can find an insurer who will agree to cover you.
You may find that you spend more in premiums if your health situation is in any way complicated, but this is money well spent if it means that those you care about have financial security after you die.
Free Missouri Life Insurance Quotes Online
The way to find the best Missouri life insurance rate is to compare quotes from multiple companies.
Remember that not all insurance companies set their Missouri life insurance rates the same way. Underwriting standards differ from company to company so it can pay off to shop around.
Compare free Missouri life insurance quotes now!