If you don’t agree with the outcome of your term life insurance types application, talk about it with your agent. Errors can sometimes be discovered while discussing the outcome of your application. If no errors are found, your agent will be able to help you understand the situation and your options.
Take the company’s decision as motivation to improve your situation. Perhaps your blood pressure readings were high on your paramedical exam. Use the experience to make some lifestyle changes for the better. You can always put the policy in force and reapply at a later date, once you’ve made improvements.
It can seem as though your doctor’s opinion of your health is not nearly as critical as the life insurance company’s opinion. This is because your doctor and the company have different goals in mind. While they both want to see you live a long, healthy life, your doctor’s main objectives are to keep you healthy and treat you when you are not. The life insurance company on the other hand, must accurately assess your mortality risk based on statistical analysis. And remember, your doctor doesn’t have to pay a million dollars to your beneficiary if he or she is unsuccessful!
