| If you are reading this then you are probably worried | | | | wondering if the life insurance company will just take |
| because you entered false information on a life | | | | your word for it, the answer is no. They check your |
| insurance application, or you are contemplating it | | | | history through available databases to verify the |
| because you are concerned about health issues, a | | | | information that you submitted. |
| DUI, height, weight, etc. This article will go over some | | | | What If I Get Away With It? |
| of the possibilities and ramifications of doing this and | | | | Is it possible for a life insurance company to not find |
| why you should not lie on a life insurance application. | | | | out about something you lie about? Anything is |
| When you apply for life insurance, there is always an | | | | possible, but it can definitely come back to haunt you. |
| application involved. Sometimes it can be as simple as | | | | Let's say that you lie on your life insurance application |
| 3 to 4 pages or as long as 20 to 30 pages. The | | | | and say you do not have a history of heart disease |
| length of the application and the amount of | | | | when, in fact, you do and you are taking prescription |
| information that a life insurance company wants all | | | | medication for it. If the life insurance company does |
| depends on the life insurance company and their | | | | not find out when they check your medical records |
| underwriting requirements, the amount and type of | | | | (it's possible), then they will approve you (assuming |
| insurance, and a host of other variables. | | | | everything else is ok). If you die from heart disease |
| Each life insurance company has their own set of | | | | then the life insurance company will investigate. If |
| underwriting requirements. As a basis, most insurance | | | | they find out that you had heart disease at the time |
| companies will want to know the following | | | | of your application, they will not pay your death |
| information about you in order to make a decision on | | | | benefit and you will have to go to court and fight |
| whether or not to give you life insurance coverage:o | | | | tooth and nail. Your family probably won't have much |
| Your health history (diabetes, cancer, heart attack, | | | | room to argue about because you lied. So it's not |
| stroke, kidney problems sleep apnea, etc.)o | | | | worth it to lie just to save a few dollars because |
| Prescriptions you currently takeo Your family's health | | | | your loved ones could suffer later down the line. |
| history (because of genetic factors)o Your driving | | | | If you are worried about being declined or "rated up" |
| history (any DUI? Speeding tickets?)o Alcohol and | | | | on your life insurance application, then you should |
| substance abuse historyo Smoking historyo | | | | speak with an experienced licensed agent. Do not lie |
| Hazardous occupation or sports (flying, parachuting, | | | | on your application! An experienced life insurance |
| rock climbing, etc.)o Intent to travel outside the | | | | agent will work with multiple companies and they will |
| United Stateso Criminal history (specifically felony | | | | know which companies will have the highest likelihood |
| convictions) | | | | of approving you, and the lowest rates for your |
| Do They Check? | | | | situation. There are options for you no matter what |
| After you've answered the questions and submit | | | | your situation, so speak with a licensed agent today. |
| your application, it will go into underwriting. If you are | | | | |