It’s a contract between the life insurance policyholder and the insurance company. When the policyholder passes away, the insurance company promises to pay the policyholder’s designated beneficiaries a sum of money.
What to do if you get turned down for life insurance
Shop around. Companies use different methods and factors to decide who they'll insure. If available, consider a group plan - some don't require a medical exam.
Reasons insurance companies can't turn you down
They can't refuse coverage based on your:
- Marital status
- National origin
- Living organ donor status
What you need to know if you're a living organ donor or considering becoming one
The Living Donor Act (leg.wa.gov) prohibits insurance companies from declining or limiting coverage because you're a living organ donor.
Insurance companies cannot:
- Prevent you from donating all or part of an organ as a condition to buy or continue to keep a policy.
- Discriminate against you when offering or issuing, or cancelling a policy solely based on your status as a living organ donor.
- Charge you more for your policy or change the amount of your coverage due to your status as living organ donor.