Factors that could make it hard to get a life insurance policy.

Most people agree that securing the right life insurance to care for their loved ones is a necessity.  However, what many people do not know is that they must meet certain qualifications to secure a life policy.  Concerned about your ability to secure coverage?  Then here are some of the factors that could prevent you from getting coverage.

  • Bad Driving History

Traffic accidents are among the most common causes of death in the U.S., and the majority of these accidents are caused by reckless driving behaviors.  This is why life insurance companies will look at your driving history to determine what kind of driver you are.  If your driving record is littered with accidents, moving violations, or other driving offenses, then the company will consider you a risky driver.  As your recklessness increases your chance of a fatal accident, life insurers will be more likely to deny you coverage.

  • Risk-Taking Habits

When applying for life insurance, you will be asked about your hobbies and general lifestyle.  If you are interested in thrill-seeking activities such as skydiving, rock climbing, or white water rafting, then the insurance company will equate your risk-taking lifestyle with higher chances of a fatal accident.  This risk may result in them denying your life insurance application.

  • Overseas Travel

If you travel overseas frequently, then this could cause life insurance companies to deny you coverage.  This is because life insurers assign different risk values to different countries based on your chances of catching a serious illness or being caught up in other dangerous events.  If you often travel to countries that the insurer considers high risk, then this might result in the company refusing to offer you coverage.

These are some of the factors that could result in your life insurance application being denied.  Do you have additional questions about your life insurance coverage?  If so, contact the experts at Weaver & Associates in Arcadia, California.  We are ready to assist you with all your coverage needs today.