Dollars and Cents: I Got Denied For Life Insurance, What Are My Options?

It’s time for another edition of Dollar and Cents. This is where I answer one of your questions.

If you have a question, either use the contact form on the blog or use my Facebook Fanpage.

I’ve been a good health for all of my life until a recent medical lapse. I was attempting to get a life insurance policy to protect my family and was surprised that I was declined. I visit the doctor regularly and as of now I have a clean bill of health. Do I have any other options of getting life insurance coverage if I’ve been denied?

Resources:

With each Dollars and Cents video we want to provide some follow up links where you can get some additional information on the topic. If you are interested in learning more on life insurance, factors that influence your life insurance rates (and potentially being denied), as well as how to get life insurance without a medical exam, here are some great reads:

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Comments | 3 Responses

  1. Brad Anderson says

    Hi Jeff. In your video you mentioned that there is an option to get group life insurance through his work. Depending on the company, usually this isn’t an individual policy that he can take with him. I work with MassMutual Financial Group and we offer group policies that are portable and belong to the CLIENT and not the EMPLOYER. This is an awesome feature that could be helpful to the person asking the question. Call your local MassMutual representative and ask them about getting a group life insurance plan in place for the company you work for. They will probably need your help getting in touch with the benefits specialist. As long as there are at least three fellow employees that apply, you will be able to get the group plan. I hope this helps you.

  2. Christopher Harrington says

    Great post! My coworker and I were were discussing this topic this morning. Thanks for the useful information!

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