Do You Qualify For Life Insurance?
By Susan Reynolds | June 18, 2009
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You can save a lot of money with health insurance policies. You will not need to pay those expensive hospital and medical bills. All such expenses will be handled by your policy. It is important to get approved for the policy before you can hope to take all these advantages. If you are in good health, you can very easily get enrolled for a health insurance policy. On the other hand, if you are not keeping well with your health, you would find it difficult to avail this facility.
The premium amount is also lower for the younger group of people. They also get a full coverage for most treatments. The scene is very different with older lot of people, who need to pay huge amounts every month and are still not eligible for full coverage insurance. No cover is provided for the pre-existing ailments either.
Your nature of work also has an impact on your insurance policy approval. A cab driver will not find it easy to get an approval as easily as a school teacher would. This is because a school teacher lives a more sound, and healthier life as compared to a cab driver. A cab driver will be more susceptible to depressions and ailments. At the end of the day, insurance companies are there to earn profits. With customers who are weak with health, the company is likely to incur loses. Drinkers and smokers also get a denial by the companies. Furthermore, if the applicant suffers with HIV AIDS, Cancer or any other critical disease, he or she is bound to experience disapproval.
The environment you live in is also evaluated for approval. If you happen to live in a place that has a lot of pollution around it, it would put the insurance company off. You are believed to fall ill more regularly living in polluted areas. Any smoke industry around your living place will leave a negative remark for you. Similarly, if you live in a healthy environment, your chances of an approval are more.
Your age also determines the approval or denial of your policy. If you are young, you have every chance of having your policy approved. However, if you are ageing, you are more prone to diseases and would therefore not be a good business prospect for the insurance companies.
Your gender can also be deciding factor at times. Some companies feel that women live fitter and healthier as compared to men. This helps the women to have their policies approved much more easily.
Your marital status is another area of concern to the insurance companies. Married men are considered to live a better life than married women. These companies believe that married men are not prone to ailments as much as the married women are.
The above discussed points are the risk factors that the companies take into account before allowing an insurance policy. A high score with these risk factors will lead to a rejection and a low score will get you a policy.
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