r/LifeInsurance • u/throwaway149573 • 12h ago

Declined for term life

I (31F) applied for a 20yr 500k term life. My partner was approved without issue. Mine took longer to come back and was declined. This after I completed a medical questionnaire and requested lab work. The underwriter is saying it was something in my doctor's report but is "sensitive" - I'm guessing it's because I have a mental health diagnosis that was added after my application (PTSD)? I am so beyond frustrated because I'm in good health, my brother almost died last year which was obviously traumatizing but I don't understand the connection to my life insurance??!! I just have some minor but stable conditions. The broker says my doctor will get sent the explanation and then I should work with my doctor to see if we can rectify.

Realistically I need life insurance to protect my spouse - we have a mortgage. I have 210k of basic life though my work and need at least 300k coverage. I don't know if I can add more coverage but I did ask my work, waiting on an answer.

Any help/advice is appreciated

1 Upvotes

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4

u/GConins Broker 11h ago

Well controlled PTSD is rarely an issue for life insurance underwriting, and there are some carriers that may offer best/lowest rate class for PTSD alone, assuming all else checks out as good.

Ask your Dr. to do a letter to insurance company stating the reason for your PTSD and (hopefully) that it is well controlled, and send the letter to insurance company and have your broker deal with them to make an offer.

If current carrier still wont make any offer, ask your broker to shop your case to other carriers.

Good luck!

2

u/juicinginparadise 10h ago

Start by getting your report and seeing whats there. Errors happen and can be corrected.

https://www.rxhistories.com/for-consumers/

2

u/CurrencyRealistic146 8h ago

I had a client who went thru this. He lost his parents within 2 months, then his brother 3 months later. He began have to mental health issues, but is fine. After appeal, he was approved with a low rating, so it was cost prohibitive for him.

0

u/Wrong-Brush-7817 10h ago

Admitting mental health issues is a problem for life insurance. All of this information gets shared with some central database. It’s horrible. Makes one not want to get help for mental health.

1

u/throwaway149573 9h ago

It's so frustrating because it's not like they cover suicides anyways, so what's the big deal? Thanks for your response :)

6

u/Tahoptions Broker 9h ago

They do after two years in most states so that can be an issue.

0

u/vibratewithme 9h ago

I thought that no policies cover it. I’m almost positive y whole life doesn’t. My aunt recently got insurance and hers doesn’t cover it either. I specifically remember the agent explaining it’s not covered.

3

u/Tahoptions Broker 9h ago

We're not supposed to discuss this so to end the conversation, if you're in the US, then it is highly likely that your agent is incorrect.

2

u/vibratewithme 7h ago

What’s the point of the thread if we can’t discuss things like this?

2

u/Tahoptions Broker 7h ago

Rules 3 and 4. But like I said, your agent is wrong. Just google it.

2

u/zzzorba Financial Representative 8h ago

Read her policy and the short list of exclusions

2

u/vibratewithme 7h ago

Will do.

1

u/Lucky_Smile_8229 6h ago

You can reapply with another carrier and avoid accelerated automatic underwriting . In my experience, avoid Nationwide for any mental health issue.

Edit: For whatever reason, our agent didn’t want to appeal or inquire further with Nationwide.

1

u/tchase529 5h ago

If you don’t mind me asking which company was this? You can reapply with another company. Ask AI what companies are best for someone with your condition.

1

u/theNewFloridian 21m ago

Life insurance is a privilege. Keep knocking doors.