Declined in the Past Question

[ntbktrader]

On individual apps they ask if the insured has been declined for health reasons before...lets say they stop smoking get blood pressure under control etc at what point does that "fall off their record"? At what point does the prior decline not matter? etc

thanks

 

[dgoldenz]

It never matters...it just sends up a red flag to the company they're applying with that they might want to check into the records or background a little more. They won't get auto-declined just because another company already declined them.

 

[somarco]

say they stop smoking get blood pressure under control etc at what point does that "fall off their record"?

For most carriers and conditions, 5 years, but others it will be 10.

Has nothing to do with prior declines.

I always answer that "did not meet carrier guidelines" and leave it at that. Most of the time when we are applying they have not yet received the letter and they have no idea why they were declined. By asking a few questions, I can usually figure it out.

 

[jbage007]

On individual apps they ask if the insured has been declined for health reasons before...lets say they stop smoking get blood pressure under control etc at what point does that "fall off their record"? At what point does the prior decline not matter? etc

thanks

It never goes away. If there was a prior decline, it will be etched forever in the memory of the MIB (Misleading Information Bureau).

At the same time, however, it does not mean another decline is imminent; indeed, it is just another red flag. That being said, someone who was declined for combo HBP/BMI is at a decided disadvantage. Ordinarily, a carrier wants a "clean" record for at least a year to reconsider. For example, if someone were declined due to weight and then got weight into an insurable range, that weight would need to be maintained for a considerable period of time - typically 12 months - before being eligible for consideration.

Incidentally, I notice that another certain poster has implied that anything past 5 or 10 years, carrier dependent, never will be considered. This is incorrect.

Anything that comes to an underwriter's attention is fair game, even if "it" happened to have occurred outside the carrier's general guidelines.

Just sayin'

 

[somarco]

etched forever in the memory of the MIB

and forever lasts for 7 years . . .

anything past 5 or 10 years, carrier dependent, never will be considered.

Nope.

Go back and read again.

Pay particular attention to the qualifier in that sentence.