For example, if you have been
denied standard life insurance in the past because of conditions that are not currently present, then you may have more leeway in your approach.
Also, this type of policy is less expensive than guaranteed life insurance and is a more practical solution for those who may have certain medical conditions that would not
deny them standard life insurance.
Not exact matches
It pays to work with an agency that has contracts with multiple
life insurance carriers, because while one company may
deny or table an applicant, another company may offer
standard ratings to that same applicant.
Most people qualify for
standard life insurance rates, but some with serious health issues may only qualify for the worst, substandard rates, or be
denied altogether.
The
standard wording usually gives them the right to
deny a
life insurance claim if the insured commits suicide within two years of taking out the policy.
It's a policy designed for anyone who might get
denied for a
standard life insurance policy.
When applying for a
life insurance policy some activities like sky diving, auto racing, etc. — may be considered too dangerous to qualify for coverage at a
standard or may cause the company to
deny coverage all together.