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Do I really have to be upfront and entirely truthful about my smoking, weight and health history on my life insurance application?
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Yes. They will examine you by their own doctor and you must submit your medical records to them. If your doctor ever noted you smoked, it will be in there and they will see it. This could cause issues with cost or they may even cancel the policy. When their doctor examines you, they will weigh you, check blood pressure and take blood for cholesterol tests. Lying on life insurance forms is not a good idea. -
Unless you want the company to be able to say when you die, "this application is based on fraud due to intentionally giving inaccurate information. We will not pay out benefits of fraudulent policies."
Wouldn't that be fun?
Don't try and screw over the insurance company, because if you do - one day, they might screw you over.
Plus being honest is generally just a good way to live.Comment
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Anytime you lie in order to save money or make money, you are committing fraud. It is documented as a standard disclosure in a life insurance policy that if the information you submit is inaccurate or totally false, the insurance company has the right NOT to pay a claim.
You need to remember that life insurance companies hire top-notch lawyers and know how to cover every small thing. The only way you're gonna get coverage and get paid for a claim is by being truthful.
Smoking may increase your premium, but what would be more expensive? You paying the premium or your loved ones paying the death expenses plus any transferred liabilities. Do as you wish, but do not be surprised when lying catches up.Check out my new website at www.payczech.com !Comment
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Yep, my 29-year old DD got married and she applied for life insurance. She had to be examined by their doctor, give blood, etc.Originally posted by atomicrc11 View Post
Thankfully, she was accepted and now has life insurance.Comment
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