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can you still get life insurance on loans?

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Dadummy



Joined: 15 Nov 2007
Dadummy's page
Posts: 638



16 Magic Points
Subject: can you still get life insurance on loans?
 
 Posted on Tue Jan 01, 2008 9:15 pm  
can you still get life insurance on loans if your diabled? i got a loan and they said i couldnt get life on it because of my health problems. i am under doctors care but im not terminal, so why cant i get insurance/ it doesnt make sense to me ive been insured for years this is the first time ive been denied. figure that out.
 
Dadummy



Joined: 15 Nov 2007
Dadummy's page
Posts: 638



16 Magic Points
Subject: loans
 
 Posted on Tue Jan 01, 2008 9:16 pm  
why or how can they do this
 
SunDevilsFan



Joined: 09 Nov 2007
SunDevilsFan's page
Posts: 194
Location: Sunny Arizona


6598 Magic Points
 
 Posted on Wed Jan 02, 2008 3:49 am  
This would be an awesome question for the insurance forum...

Anyway, I am a 40 year old male in good health, BUT, had BP issues in the past (its in the family) and take meds for it. Thus, that issue is gone for now... But was denied life insurance because "I had past medical concerns" Referring to the BP... I wrote back and told them "I have present concerns over their current conditions of coverage for the average American citizen."

Its a good question Dadummy....
 
Dave Batista
Guest
Subject: your choice..
 
 Posted on Wed Jan 02, 2008 10:00 am  
Quote:
i am under doctors care but im not terminal, so why cant i get insurance/ it doesnt make sense to me ive been insured for years this is the first time ive been denied.
Well, for the first things first i'd love to say that your prospective carrier may have their own terms & conditions stated at the policy papers.

You may need to go through all the clauses carefully & do a lot of window-shopping before you get something handy!
Since you're so much confident, that why i'd rely more on your doctor's vision & his statements. If your words are not getting counted, then perhaps his judgment would do.

Yes, its quite true that for possible pre-conditioned applicants the life insurance is scanty & even when it has something to offer the costs night just not be on your side.
But first of all you need to justify the fact that you're not a terminally ill patient & hence ought to get covered. If still your prayers are unheard then you'd always have the right to launch your complaint with the State dept. of insurance. Am I right!

Dave Batista
 
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1409



34308 Magic Points
 
 Posted on Wed Jan 02, 2008 11:13 am  
Its great to have you here Dave.
_________________
Regards,
Laura.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2527



3657 Magic Points
 
 Posted on Thu Jan 03, 2008 4:28 am  
Welcome Dave, as Laura stated it is great to have you here.

Dadummy, I think that they would consider your condition and consider the risk, if you are in bad health you would be considered high risk, I know that is not what you wanted to hear, but if you go to the insurance forum and pose the question I am sure you will get a similar answer.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Dadummy



Joined: 15 Nov 2007
Dadummy's page
Posts: 638



16 Magic Points
Subject: insurance
 
 Posted on Mon Jan 07, 2008 9:01 pm  
i called a bank and they said if i have health problems they dont have to give me life insurance.
 
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1409



34308 Magic Points
 
 Posted on Tue Jan 08, 2008 7:39 am  
Hi Da I am sending you a pm. Hope it helps.
_________________
Regards,
Laura.
 
Dadummy



Joined: 15 Nov 2007
Dadummy's page
Posts: 638



16 Magic Points
Subject: insurance
 
 Posted on Tue Jan 08, 2008 7:48 pm  
thanks everyone im still checking on this but in the meantime ill hold out .
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 2527



3657 Magic Points
 
 Posted on Tue Jan 08, 2008 8:01 pm  
They probably won't then if they are aware of your health issues. You are considered high risk to them.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 381



9616 Magic Points
 
 Posted on Wed Jun 25, 2008 12:23 pm  
yes, if you are going for a health insurance, the insurance company will always check your current health status to minimize their risk. This is because health insurance is based on the concept that the insurance company will take care of your medical expenses only after you have entered into an insurance agreement with the company. Now if you are medically unfit before you enter into an agreement with the insurance company, then this means that the probability that they need to pay you is high. So most of the insurance companies will not agree to provide an insurance to a sick person.
_________________
Anthony..

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
 
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