What makes a person UNINSURABLE?

Question

What things would disqualify a person from getting life insurance? It is offered through my work but there is a part that says, "in order to obtain x amount in life insurance you have to provide evidence of insurability." What does this mean?

Answer 1

No pre-existing conditions. Companies vary from one to another but if you were to have a a heart attack, cancer, hepatitis and some even being diabetic would cause them not to insure you. They would probably ask about your lifestyle and if it included drugs or smoking that could blow it as well. They only want healthy people that appear to not have any claims in the near future. Diseases like MS, MD, Parkinson's, lupus etcetera would also be reasons for them to deny you.

Answer 2

There are many things that can disqualify you for life insurance. Anything type of pre-existing condition. Especially cancer or any type of side effects. There are some life insurance that will take you on there are just some major investigating you need to do.

By law they must also tell you why are you not insurable.

That link under is the ppl that are uninsurable that they will insure.

Answer 3

When you leave a previous employer, if you had insurance under them, they are required to give you a statement saying that you were insured under them from whatever the beginning date was until the ending date. Up until a year after the ending date another insurance company can't discriminate against you by excluding you or having you pay higher premiums.

Never give them the original document. Always make a copy.

No one is uninsurable. There will always be a company that will insure you, it's just a question of how high the premiums will be.

Answer 4

Well, in most cases, it means you have to be NOT DEAD already, and in reasonable health. For employers that require evidence of insurability, you have to be a full time employee working XYZ hours a week, usually you have to NOT be working in a high risk location like Iraq, and NOT have a fatal disease such as AIDS or active cancer.

If you're looking at a private policy, usually cancer in remission makes you uninsurable, as does certain occupations - such as experimental test pilot. Again, leaving the country or working outside the country is usually a dealkiller, depending on where you go. The health requirements are more stringent in a private policy.

Answer 5

Each life insurance company works differently so because one company tells you that you're uninsurable doesn't necessarily mean another company is going to think that too. The company that I worked for would consider a person uninsurable if they had HIV, cancer, or anything really severe (basically if you were told you were going to die). Drug use was another factor. But if your cancer was in remission for several years you could usually get a policy that was rated (a little more expensive). Same goes for weight, blood pressure, smoking. Typically if you're a little unhealthy you can get a policy but you're going to have a pay for that unhealthy-ness. Uninsurable really is a case by case decision by the life insurance company.

My company also allowed military to get a policy for 200,000 even if they were going to iraq.

Answer 6

Well generally speaking
Insurance is a policy against something that may happen
Assurance would be a policy against something that will definitely happen.

If you have a life limiting illness the insurance company is highly likely to make a loss in the short term before it has been able to make enough money investing off your money to pay your claim - ie you are not statistically likely to be a profitable client.

Thats the sad truth.

Answer 7

a high risk is sometimes uninsurable in the eyes of the insurance company, if you were 50 years old with high blood pressure very over weight & smoked you might be considered uninsurable.

Answer 8

In other words they want you to be in good health. If you have cancer or smoke those alone could disqualify you for insurance.

Answer 9

You have to be in good health and your means of recreation needs to be safe. The 'good health' part is huge and I'd take all day to state what could go wrong. The dangerous things they consider is: do you hang glide, scuba dive, motorcycle race, are you a pilot, do you travel outside to certain countries often, do you skydive, and do you race cars. That's about it.

Answer 10

That means you can't have any serious diseases that would shorten ya life! For example if somebody has cancer signs up for insurance and dies right after they can get benefits the company would lose money!

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