Sentences with phrase «on life insurance applications»

I want to launch into this stating that I don't advocate lying on life insurance applications for two reasons, well, two main reasons.

Just a few examples from my own records that have had an effect on life insurance applications in the past.

If 60 Minutes was doing a segment on life insurance applications and how underwriters interpret your medical records they would have to focus on one of the biggest stumbling blocks, doctor's recommendations for testing.

People are sometimes tempted to lie on life insurance applications as a way of either a) increasing the likelihood of the policy being approved, or b) getting a lower premium.

Continuing on with a series of posts I started last week on life insurance applications I would like to discuss the necessary (by law) and often misunderstood Authorization to Obtain Information or HIPAA authorization.

A leading term life insurance company has introduced simplified issue life insurance underwriting on life insurance applications for people age 60 and under.

Many marijuana users end up lying about their marijuana use on their life insurance applications to just avoid the complication all together.

Previous declines on life insurance applications.

People are sometimes tempted to lie on life insurance applications as a way of either a) increasing the likelihood of the policy being approved, or b) getting a lower premium.

Being classified as a smoker on your life insurance applications will make your premiums double or even triple in some cases.

In these cases, the insurance company believes that the person who purchased the policy falsified information on the life insurance application in order to qualify for the policy.

Again, the insurance company has two years from the time the policy is issued to determine whether there was a material misrepresentation on the life insurance application.

If it is shown you lied or made a misrepresentation on your life insurance application, the company may be able to deny your beneficiary's death benefit claim.

If you are currently being treated for COPD, you'll want to disclose the medication on your life insurance application.

It is to your benefit to disclose your high risk activity on your life insurance application at the very beginning.

Second, if you should pass away and are found to have been intentionally deceitful on your life insurance application, your insurer could deny your claim based on insurance fraud, leaving your family high and dry.

We've touched on this topic a bit in other articles, but we decided that the topic of lying on a life insurance application is sufficiently common to be worthy of a more comprehensive discussion.

The most important thing for former smokers to remember is to not lie about tobacco use on your life insurance application.

We'll often get calls from folks who are taking Nexium (esomeprazole) and are wondering if its use will have an effect on their life insurance application and the truth is that in the vast majority of cases where the Nexium is simply being used to treat routine heart burn or GERD (gastroesophageal reflux disease) its use isn't going to play a significant role in the outcome of your life insurance application.

If you're telling the truth on your life insurance application you don't have to worry about the two year contestability period.

The Dangers and Consequences of Lying on Your Life Insurance Application - SWI Low Cost Term Life Insurance

ING will disregard cigar smoking and consider you for up to Preferred Plus Non Smoker rates if you smoke a cigar once a week or less and fully admit that you smoke Cigars on the life insurance application.

If you're open and honest on your life insurance application then the worst case scenario if, god forbid, something happen to you within the first two years — is it might just take a few extra weeks to receive your death benefit while they investigate the cause of death and see if you misrepresented anything.

Some no - exam policies require a phone or in - person interview, which may repeat many of the questions already answered on the life insurance application.

Most importantly, it's considered to be insurance fraud if you answer dishonestly on your life insurance application.

Other common exclusions would be if the applicant knowingly «lied» on their life insurance application and did not answer any or all of the questions asked truthfully.

Don't lie about history of drug use on a life insurance application.

If you're listed as a smoker on your life insurance application, you can expect to pay much higher premiums on your insurance coverage.

We'll frequently get calls from folks who are taking Pepcid AC (famotidine), Tagamet and Prilosec (Omeprazole) and are wondering if its use will have an effect on their life insurance application and the truth is that in the vast majority of cases that are using Pepcid AC are simply using it to treat routine heart burn or GERD (gastroesophageal reflux disease) so its use isn't going to play an important role in the outcome of their life insurance application.

The more fraud that creeps into the system, due to those who chose to lie on their life insurance application, would cause harm to the honest applicants, skyrocketing life insurance quotes as a result.

The insurance company will require you to complete a questionnaire on the life insurance application that will ask health - related questions.

Always provide accurate health information and be honest in answering all questions on the life insurance application.

Absolutely not, you never want to conceal any information that is asked of you on a life insurance application.

It is vital to tell the truth on your life insurance application, but even so there are millions of people...

If you claimed that you were smoke - free on your life insurance application, or during your medical exam, but then your profile says otherwise, you could see a significant raise in your life insurance rates.

Working with one of our independent brokers can help save you both time and money on your life insurance application.

Your life insurance company will have a two - year period, when they may investigate any information you provided on your life insurance application.

So there are no criminal implications of admitting to smoking marijuana on your life insurance application.

It is important that you are honest about your tobacco use on your life insurance application.

However, these questions usually aren't listed on a life insurance application, so how are underwriters supposed to know?

If you're listed as a smoker on your life insurance application, you could pay twice as much for your life insurance versus what a non-smoker is going to pay.

Again, the insurance company has two years from the time the policy is issued to determine whether there was a material misrepresentation on the life insurance application.

If you chew tobacco, be honest on your life insurance application.

It's important to keep in mind if you lie about anything on a life insurance application, then die within two years, some companies may try to contest the claim, whether it's related or not to the cause of death.

In these cases, the insurance company believes that the person who purchased the policy falsified information on the life insurance application in order to qualify for the policy.

Being listed as a smoker on your life insurance application, or using chewing tobacco, is going to cause your insurance rates to double.

For example, if you die of esophageal cancer but you failed to mention your smoking habit on the life insurance application, the insurance company could withhold the death benefit.

The most important thing for former smokers to remember is to not lie about tobacco use on your life insurance application.

If you deliberately withhold information on your life insurance application that you reasonably could've known, there's a possibility that your life insurance company would move to rescind (a.k.a. cancel) your life insurance policy.

The first thing you're probably thinking is «why would anyone lie on a life insurance application?»