|Denied Life Insurance? Here Are Your Next 3 Steps
It’s tough to learn that the life insurance company you applied to will not be offering you coverage, especially if you were fully expecting a yes! You may fall into the “impaired risk market,” which means you have something in your background that makes you a higher risk for dying prematurely—think things like diabetes, obesity, a previous cancer diagnosis or even a history of DUIs.
While many applicants with this type of history understand they’re up against a hurdle or two, it’s not any easier to be denied life insurance coverage. But, often times, it doesn’t mean the hunt for an approval is over. There may still be options, which include applying to a more suitable company or applying for a different policy type.
Here are three actionable steps you should take if you’ve been denied life insurance.
POSTED JUNE 10, 2019 11:00 AM
|Insuring the Times of Your Life
f you have people you love and who depend on you, or you have financial obligations to meet, you need life insurance to protect against the “what ifs”—at every stage in life. Here are just a few reasons you may need life insurance, or more of it, throughout your life.
POSTED MAY 13, 2019 10:35 PM
|Taking Americans’ Financial Pulse with the 2019 Insurance Barometer Study
Each year, Life Happens and LIMRA join forces to take consumers’ “financial pulse.” The 2019 Insurance Barometer Study continues to track Americans’ financial concerns as well as what types of insurance coverage they have or feel they need. We also explore some “hot topics” like gaining life insurance coverage through the easier, quicker simplified underwriting process, and how social media is changing the way people find financial professionals to work with.
POSTED APRIL 18, 2019 3:49 PM
|Looking for a Guaranteed Income Stream for Life? Think Annuities
If you are concerned about outliving your savings, perhaps an income annuity will fit your needs. An annuity can offer a guaranteed lifetime income that you can’t outlive.
POSTED MARCH 29, 2019 7:06 PM
|9 Reasons Not to Buy Life Insurance (And Why You Should Rethink Them)
From getting married to having a baby to starting a business, there are lots of reasons why you’d want to consider buying life insurance. But maybe something is holding you back from getting the coverage you know (or suspect) you need.
Here are nine of the biggest reasons you’ll hear for not buying life insurance—and why you shouldn’t let them hold you back from considering coverage.
POSTED MARCH 13, 2019 10:01 PM
News – Insurance Journal
|Wegener to Succeed Willaert as President of FERMA
The Federation of European Risk Management Associations (FERMA) has chosen as its next President Dirk Wegener, global head of Corporate Insurance for Deutsche Bank Group and a member of the German risk management association GVNW. Wegener, who is currently deputy …
POSTED JUNE 27, 2019 10:14 AM
|Sweltering Heatwave in Germany Sparks Wildfires, Forces Speed Cut on Autobahn
A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest sign of extreme weather events ruffling Europe’s largest economy. State authorities are reducing speeds to as low as 100 kilometers …
POSTED JUNE 27, 2019 9:57 AM
|Moody’s Partners with Israel’s Team8 to Create Cyber Risk Index for Businesses
Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark. Cyber attacks are in focus after …
POSTED JUNE 27, 2019 9:02 AM
|Higginbotham Named Swiss Re’s CEO Reinsurance Asia, Replacing Plunkett
Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and subject to necessary regulatory approvals. He is succeeding Jayne Plunkett, who has decided to pursue career opportunities outside Swiss Re. …
POSTED JUNE 27, 2019 8:49 AM
|Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, the world’s second-largest reinsurance company, set …
POSTED JUNE 27, 2019 8:31 AM
|Michigan Democratic Leader Says Businesses, Heavy Trucks Must Fix Roads
With Republicans firmly opposed to a 45-cents-a-gallon fuel tax hike, Democratic lawmakers want businesses to do more to help fix the roads. A new $1.2 billion proposal from House Democrats would raise the state’s corporate tax, create a new 6-cents-a-mile …
POSTED JUNE 27, 2019 5:59 AM
|National Weather Service Confirms Rare West Virginia Tornado
The National Weather Service says storm-related damage indicates that a rare tornado touched down in West Virginia. The weather service tweeted that a tornado hit the Alum Creek area Monday night along U.S. Route 119 southwest of Charleston. A survey …
POSTED JUNE 27, 2019 5:37 AM
|What Passed, What Didn’t: New Florida Laws Taking Effect July 1
The Florida Legislature looked at and passed many pieces of legislation in the 2019 session that will impact the insurance industry. The following are summaries of what passed — and what didn’t. What Passed HB 7065 – AOB Reform Provides …
POSTED JUNE 27, 2019 5:26 AM
|Discovery of New Risk with Boeing 737 to Prolong Grounding
The U.S. Federal Aviation Administration has identified a new risk that Boeing Co. must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday. The risk was discovered during a simulator test …
POSTED JUNE 27, 2019 5:00 AM
|Georgia Court: Insurer Can’t Deny Coverage Despite Misinformation on Application
An insurer that extended its workers’ compensation coverage for 90 days after discovering the employer had violated the terms of its policy could not then deny coverage for a claim on the grounds that those terms had been violated, the …
POSTED JUNE 27, 2019 4:37 AM