What classification is given to individuals who are deemed uninsurable by underwriters?

Individuals who are considered uninsurable by underwriters are classified as "declined." This classification indicates that the insurance company has assessed the individual's application and determined that the potential risks associated with insuring that individual are unacceptable. Factors leading to a declined status may include severe health conditions, hazardous occupations, or a history of risky behavior that exceeds the company's risk tolerance.

In contrast, individuals classified as standard risk meet the typical guidelines for insurability, while preferred risk refers to those who are seen as lower risk and may receive better premiums due to their favorable health or lifestyle. Substandard risk individuals, on the other hand, are those who may be insurable but at higher premiums due to identified health issues or other risk factors. The distinction for those who are declined is that they are not insurable at all, making this classification unique.