There is hope for people who have been declined for life insurance – part four

In Part Three, we discussed a very common reason for why people get declined for life insurance: Lack of full disclosure.

In Part Four we will bring to light a different problem:

“Unreasonable” underwriters.

I by and large have an extremely high opinion of life insurance underwriters. They are typically well-trained and professional. They understand that they are in the business of approving applications – that’s how they and their employers get paid, and how consumers get needed protection.

Most of the time, they are fair and reasonable in their risk assessment and assignment of premium. Of course, Prequalification makes their job easier because it steers preferential candidates to them; and, it provides them with the quote data needed to approve applications as quoted.

But sometimes, an undewrwriter will just not “see the light.” It really seems like they are looking at a different case. Is this due to a bad day? Corporate pressures to be more strict in their mortality assessment? Other factors?

In times like this, applicants can get declined or rated even though a very sound argument is put forth to make a good offer. It just wasn’t in the cards – with this company. So, we move on to the next.