Sentences with phrase «health statement»
The insured has to pay the insurer the accumulated due insurance premium, including any interest due, as well as provide a good health statement.
term-life-online.com
If you want to revive the policy in the seventh or the eighth month, you will have to produce a personal health statement.
Although it is said that babies should be breastfed exclusively to six months of age, this is a public health statement and like all such statements, it applies generally but not to every situation.
To apply for reinstatement of your policy, you would need to complete a reinstatement application, a new health statement, go through a new medical exam, and pay whatever premiums that are due since the end of your policy's grace period.
Even if you apply for reinstatement within a couple months, you may still be asked to complete a new medical exam if the answers on your health statement suggest you've experienced some health changes.
It would not be wise to attempt to trick the system and lie on your health statement.
As long as the insurer does not find evidence that would contradict the insured's health statements on the application, they will pay the claim.
However, if you have had a change in health status or provide answers on the health statement that suggest health changes, the life insurance company will most likely require you to complete a new paramed exam, regardless of the time passes since the end of the grace period.
Usually for a few months after the lapse they will allow a reinstatement by simply completing a good health statement (attesting to no health changes) and, of course, any premium due since the original due date.
Health statements — if the prospective parent has a health problem, this could present a problem.