Why it matters
A decline from one carrier does not mean every carrier will say no. Carriers weigh conditions differently, and guaranteed issue plans accept nearly everyone in a set age range. Ask the agent about options and for the reason in writing. Consumers can ask about their reports. Rules vary by carrier.
Source: naic.org
Read next, for familiesGuaranteed issue life insurance: who gets approved, what the waiting period meansWhere we use this term
- Captive vs independent insurance agent: who owns your book?
- Fixed vs fixed index annuity: how do they work and who do they fit?
- Guaranteed issue vs simplified issue: which fits your health and age?
- No exam life insurance: simplified, guaranteed and accelerated options compared
- Is final expense a good career? What agents really do