Declined life means

A. Life to which insurance could be granted

B. Life to which insurance cover could not be granted at affordable cost

C. Both A & B

D. None of the above

Answer: Option B

Solution(By Examveda Team)

Declined life means Life to which insurance cover could not be granted at affordable cost. Its purpose it to protect insurance companies from applicants who may be lying about their current health conditions. Just because you have been previously denied life insurance does not mean you will be denied again.