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I'm wondering if it's possible for someone to be denied long term care insurance. Has anyone ever been denied coverage? What are the reasons for denial?
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Yes, it is possible to be denied long term care insurance. Insurance companies have the right to deny coverage based on certain factors. Some common reasons for denial include pre-existing conditions, age, health status, and lifestyle choices. Insurance companies assess the risk associated with providing coverage and may deny an application if they believe the individual poses a higher risk. It's important to note that each insurance company has its own underwriting guidelines and criteria for determining eligibility. If you have been denied coverage, you may want to explore other insurance providers or consider alternative options for long term care planning. It's always a good idea to consult with an insurance specialist or financial advisor to discuss your specific situation and explore the best options available to you.
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