What questions should I ask a life insurance salesman?

Question

Questions about health and conditions I have, should I mention them or not. If I'm on disability, should I tell them?

Answer 1

if you don't tell them the information about your helth, you may not be covered later on if there will be an inccident due to your disability...... Ask them what are you covered for - they will give you a brochure with all of the exclusiona nd information about your insurance anyways......... Look at insurance this way: if you are hiding imporatnt information that may "reduce" your premium but will not covere you in case of a real accident ... then that just means that your paying the premium for nothing.....

They should provide you with all the information you need

Answer 2

There's been enough written here regarding the need for honesty and accuracy on your application, so I won't add to it.

The other side of the coin is this: ALL life insurance policies have a two year constestability provision. What this means is that any misrepresentation on an application must be discovered and verified by the carrier within the first two policy years. After that, the company must pay any and all death claims, regardless of cause of death or inaccuracies on the application. The only exception to this is an incorrectly stated date of birth, in which case the company will adjust the death benefit according to the proper age and premiums paid.

Answer 3

You have to tell them, because they will look at your medical records anyway. They will ask you to sign a release when you apply, so that they can. They can refuse coverage or cancel you if they find out at a later date that you failed to disclose any information on your application. If it is life insurance the last thing that you would want to do is pay high priced premiums only to have your family not be able to collect because the insurance company found something that you did not disclose. You would be better off using the money to buy a prepaid burial plan or put it into savings.

Answer 4

Most brokers will write the application as you give them the information. But be aware that the insurance company WILL find out any misrepresentation, if they do their job correctly (ie: investigate your medical history through the Medical Information Bureau) and they don't like people who don't tell the truth.

With your condition you may need to look at a group health plan or association plan(not the most robust health plans you can find)....

Good luck...

Answer 5

You need to be honest. If you have had any type of illness and filed insurance, they will be able to pull your records. They can deny you if you are untruthful on your application.

Answer 6

Tell them everything. If you don't, when you die they won't pay because you lied. They are like Santa Claus, seriosly, they know everything.