How To Apply For Life Insurance Without Being Declined For Coverage

Shawn Plummer

CEO, The Annuity Expert

Denied Life Insurance: Exploring Alternatives

Understanding Your Options After Life Insurance Denial

When you’re denied traditional life insurance, it’s crucial to explore alternatives. Two popular options are guaranteed issue life insurance and annuities with enhanced death benefits.

1. Guaranteed Issue Life Insurance

  • No Medical Exam: This type of insurance doesn’t require a medical exam or health questions.
  • Higher Premiums: Due to the increased risk to the insurer, premiums tend to be higher.
  • Limited Benefits: Initially, benefits may be limited if death occurs within the first few years of the policy.

2. Annuities with Enhanced Death Benefits

  • 45% Bonus Example: Some annuities offer a death benefit bonus, like an additional 30% of your investment.
  • How It Works: If you invest $100,000, your beneficiaries could receive $130,000 as a death benefit.
  • Dual Purpose: While primarily an investment tool, this option provides a financial safety net for your beneficiaries.
Declined Life Insurance

Comparing Your Options

FeatureGuaranteed Issue Life InsuranceAnnuities with Enhanced Death Benefits
Medical Exam RequiredNoNo
FocusImmediate Life CoverageInvestment & Death Benefit
Example of Death Benefit BonusNot Applicable30% of Investment (e.g., $30,000 on $100,000)
PremiumsHigherBased on Investment
Denied Life Insurance


Exploring alternatives like guaranteed issue life insurance and annuities with enhanced death benefits provides viable options after being denied traditional life insurance. Each has distinct features tailored to different needs. Understanding these options ensures you make an informed decision to secure financial protection for your loved ones.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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