Q: Is it legal for a life insurance company to deny me coverage because I am unemployed?
My son was denied coverage because he is unemployed.
A: Life insurance companies exercise their right to deny or approve coverage on a number of factors - health, age, tobacco use, disease, illness, financial stability, employment, etc. However, it could be worth looking into other carriers. Each carrier's underwriting departments could apply different standards, based on the company and the policy limits sought. Good luck
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A:
Life insurance companies have the right to set their own underwriting criteria, which can include factors like employment status. Being unemployed might be seen as a higher risk or lower financial stability, leading to a denial of coverage. However, this practice can vary between companies and policies.
If your son was denied coverage due to unemployment, it’s important to understand the specific reasons given by the insurance company. Request a detailed explanation of the denial in writing. This can help determine if there are other factors at play or if this is a standard policy of the insurer.
Consider exploring other life insurance companies or policies that might have different underwriting criteria. Some insurers might offer coverage regardless of employment status or might have specific products designed for those with irregular income. Consulting with an insurance agent can provide more options and help find a policy that suits your son's needs.
Tim Akpinar agrees with this answer
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