The main reason(s) a life insurance would deny Life Insurance are:
1) Medical Issues (pre-existing conditions)
2) Your financials do not warrant the benefit amount you are seeking
If they deny due to medical reasons, you could apply for a "simplified issue" product. This is not guaranteed, but there is no paramed (medical exam) so it may be easier to get issued. Of course, the premium is higher, but it may be an alternative.
In my business as an impaired risk life insurance agent, we have a lot of people come to us who have been denied life insurance elsewhere. I have found these to be the top five reasons that they were declined:
1) The product they applied for was not meant to cover their health condition
2) The application had missing or incorrect information
3) Something was on their medical records that they were not aware of
4) Complete records or other underwriting requirements were never received by the underwriter
5) Everything was done correctly but the person's health just didn't warrant approval
This article has some tips to help you avoid those declines: http://EzineArticles.com/2844554
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1) Medical Issues (pre-existing conditions)
2) Your financials do not warrant the benefit amount you are seeking
If they deny due to medical reasons, you could apply for a "simplified issue" product. This is not guaranteed, but there is no paramed (medical exam) so it may be easier to get issued. Of course, the premium is higher, but it may be an alternative.
1) The product they applied for was not meant to cover their health condition
2) The application had missing or incorrect information
3) Something was on their medical records that they were not aware of
4) Complete records or other underwriting requirements were never received by the underwriter
5) Everything was done correctly but the person's health just didn't warrant approval
This article has some tips to help you avoid those declines: http://EzineArticles.com/2844554