Let’s imagine a situation, only hypothetical: you aspired to get life insurance, but the policy was rejected. You really needed life insurance, and now that your plans have been frustrated, you don’t know what to do.
The situation can be even worse, if this has happened to you more than once and with different companies. Hope is the last thing you lose, they say… And well, in this case the popular saying may apply, because, despite these adversities, you still have a chance to get your desired insurance.
But what can be done then? At Lewer Canada, we have been insurance experts for 60 years. Today, we are pleased to offer you two alternatives in the following sections in case of life insurance rejection. Would you like to know more about them? Read on!
Insurance companies reject you? Try dealing with brokers
A life insurance company might reject your applications for a policy. But here it is pertinent and imperative to ask a key question: have you ever tried to purchase your insurance from a broker?
An insurance broker is a person who sells insurance, but not directly, but acts as a liaison and has a direct relationship with clients. Something that few people understand is that insurance brokers work independently from insurance companies, that is, they are not part of them.
In fact, an insurance broker will always look out for your welfare. They will look for the best alternatives for you and fulfill their role as an intermediary between you and the company. He will always inform you about everything. You can get advice from an insurance broker and you will surely be able to successfully obtain the policy you need so much.
Beyond offering you an alternative at a good price and with good benefits, the work of an insurance broker extends for as long as your contract lasts. He or she will always make sure that everything, both benefits and conditions, are fully complied with. So, now you know, if your life insurance was rejected, contact a broker.
Do you know about life insurance without a medical exam?
Another alternative, in case of life insurance rejection and not wanting to opt for an insurance broker, can be life insurance without medical exam. Do you know it? Have you heard about it before? Maybe yes, maybe no. In the same way, we will explain briefly what it consists of.
And, as its name indicates, it is a life insurance that dispenses with a medical examination of the aspiring insured, to obtain the policy. For this reason, acquiring them is much easier, and sometimes they are even called guaranteed approval life insurance.
Unlike traditional life insurance, in these cases it is simply enough for the applicant to answer a brief questionnaire about his or her health. The utmost honesty is required, since the last thing you want is to have major problems in the future.
The price of life insurance without a medical examination is usually a little higher than that of traditional insurance. And with good reason, since it does not take into account the health and habits of the insured, it is necessary to take other measures in case of risk to the insured.
Looking for the right life insurance? Lewer is here to help you!
At this point, you have learned about two alternatives in the case of life insurance rejection. What do you think of them? We hope that we have answered any questions you may have had and that our article has been of great help to you.
Are you looking for the right life insurance for you? Do not hesitate to contact us, because you will receive the best advice on the subject. We will be happy to assist you. For a more personalized attention, if you are in Laval (Quebec), you can visit our physical facilities, located at 3131 Saint-Martin Blvd West, suite 410.
Remember that we are Lewer Canada and we are backed by 60 years of experience! Entrust us with your case. If you want to know more about our offer, you can visit the section called benefit products, on our website.
Would you like to know what a fair life insurance policy should look like? Find out by clicking here. If you want to get more useful tips like the ones in this article, feel free to visit our blog – there is a lot of information that could be useful for you, if you want to learn about life insurance!
