regarding life insurance, what makes a person uninsurable? would a previous surgery do that? what about any illness, would any illness make you uninsurable?
2007-07-03 16:04:02 · 10 answers · asked by joe b 4 in Business & Finance ➔ Insurance
Yes. Chronic medical conditions. Cancer. Risky entertainment or thrill-seeking activities can make you uninsurable or cost you a bundle more. Alcoholics. Drug addicts.
It depends on the company - you can always go through another company, underwriter or agent who specializes in impaired risk cases. There are also "survivorship" life insurance policies that will insure the lives of two people even if one is considered uninsurable.
2007-07-03 16:12:45 · answer #1 · answered by pepper 7 · 0⤊ 0⤋
Cancer and heart disease do not make you uninsurable. Other things that don't make you uninsurable: Crohn's disease, MS, Lupus, high blood pressure, gout, diabetes, arthritis. It's your level of control over these situations that makes you uninsurable. Underwriting questions were one of the most common questions I would receive from other agents. I have seen declines from one company turn into a standard offer from another (This case was valvular disease on a 56 year old male). I don't care what any one company has to say if your risk was not placed well to begin with.
2007-07-04 01:40:38 · answer #2 · answered by aaron p 5 · 3⤊ 0⤋
This Site Might Help You.
RE:
what makes a person uninsurable?
regarding life insurance, what makes a person uninsurable? would a previous surgery do that? what about any illness, would any illness make you uninsurable?
2015-08-25 09:56:33 · answer #3 · answered by Leilah 1 · 0⤊ 0⤋
There are two things that can make a person uninsurable:
Medical Conditions: Unfortunately you do not have control over them, conditions like diabetes, cancer, chronic heart diseases, and others can make you lose your insurability.
Behavioral Choices: You do have control over these. Things such as comminting crimes, ingesting illegal substances will make you lose your insurability. It also depends on the company, some of them even look at DMV records!!
2007-07-04 03:28:57 · answer #4 · answered by Makotto 4 · 0⤊ 0⤋
Below Are Some of The Basic things that can make a person un-insurable. This however is not common.
Health condition (s)
Risky occupation (s)
Pre- existing condition (s)
More Information On this can be found at: http://InsuranceGuidePlus.com
Unlawful Act (s)
2007-07-03 22:23:57 · answer #5 · answered by Anonymous · 1⤊ 0⤋
If you have a pre-existing condition that would predispose you to an early or untimely death or if your occupation has a high level of risk (astronaut, example) you are not considered a good risk for many life insurance companies. When the actuaries consider your health, age, occupation and other factors, they can mathematically establish the odds of you dying sooner than later. That helps them decide if you meet their criteria for coverage. If you're a 400 pound, 70-year-old man with prostate trouble, heart problems and diabetes and you have a skydiving hobby, you're unlikely to get coverage.
2007-07-04 05:01:22 · answer #6 · answered by Yo' Mama 4 · 0⤊ 0⤋
Well, TECHNICALLY, if you want to PAY enough money, NOTHING makes you uninsurable. If you want to pay 10% over the face value of the policy (ie, if you want $100,000 of coverage, and are willing to PAY $110,000 for it), someone will sell you that policy. It's only effective for TAX PURPOSES.
Most of the time, people aren't "insurable" at rates THEY WANT TO PAY. If you have had CANCER, you're not going to get favorable "odds" (which means, premiums at a fraction of the payout). If you have AIDS, if you are obese, if you are grossly underweight, if you have a history of drug and alcohol abouse, you are going to have to pay close or over face value.
If you have heart problems, very high blood pressure, if you're over 55 or 60, if you're diabetic, you're not going to get good odds.
If the insurance company looks at your health, and it's foreseeable that you will die over the next 15 years (due to problems you've already had, or your age, or your hobbies, etc), you will be "uninsurable" unless you want to pay through the nose for insurance. Which most people don't want to do - they want $100,000 coverage for $1,000 a year or less.
2007-07-04 02:20:29 · answer #7 · answered by Anonymous 7 · 2⤊ 0⤋
Health condition
- heart attack, stroke , cancer , kidney problems
Risky occupation
- which covers under diffrent kind of insurance
Pre- existing conditions
- some insurers may still accept it but with certain exclusions imposed.
Unlawful Act
- commiting crime
2007-07-03 16:50:04 · answer #8 · answered by Insurance 3 · 0⤊ 0⤋
I've got serious Heart Disease. I've been official rejected by two companies.
Any illness / disease that would be considered life threatening or life shortening would disqualify you from life insurance.
2007-07-03 16:20:38 · answer #9 · answered by Common Sense 7 · 0⤊ 0⤋
Usually an injury or illness, that needs ongoing medical attention, including medications.
2007-07-03 16:16:48 · answer #10 · answered by mburleigh8 5 · 0⤊ 1⤋