What Should I Do If I Am Uninsurable?

Finding out you’re uninsurable can be overwhelming, especially if your family relies on your income. But don’t assume one decline means you’re out of options. Different insurance companies have different guidelines, and working with an independent agent like Zander gives you access to multiple carriers, including those that specialize in higher-risk cases.

If term life insurance isn’t an option right now, check with your employer about additional coverage through a group plan, which often doesn’t require medical underwriting. Associations you’re part of may also offer life insurance benefits without health qualifications. While these options may cost more, having some coverage is better than none.

Guaranteed issue plans, like those from Colonial Penn or AARP, provide coverage without medical exams. Though they aren’t typically recommended by the Ramsey team due to higher costs and lower payouts, they can still offer essential protection in tough situations. Accidental death policies are another option, though their benefits are limited since most deaths are from natural causes.