Do I really have to disclose anything for a life insurance quote?
Do I really have to disclose anything for a life insurance quote?
My wife has a family history of cancer which is causing my life insurance quote to change from $100 a month to $300. Do I really need to disclose this info to the companies, or should I not tell them as they would need permission anyway to check history and doctors records???
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4 Responses
2.1.2010
Try this site where you can compare quotes from different companies in your areahttp://best-life-insurance-usa.info/Hope this help,
2.1.2010
Most policies have written clauses which mean the company will not have to pay for certain family illnesses, if that information is not disclosed. Most companies require you disclose medical records before they'll sell you the policy. They'll ask what family members died of, if you leave those parts blank, it'll often be a reason to not pay you.Now there are some policies that won't. Inevitably, these policies will cost a lot more and cover less.Insurance is a business, they've dealt with such scams for years and know many ways around them. They give price breaks for people that aren't as likely to get certain diseases, because those people cost less.
2.1.2010
You will give that permission when you sign the policy. They WILL find out. When they do, it will invalidate your policy and they will pay nothing for your death or your wife's.How is this associated with history?
2.1.2010
After 2 years they (Ins Co) must pay no matter what. But you should tell the truth.