If you've applied for life insurance, you know just how nosy some of the questions can be, and how tempting it can be to lie, knowing that admitting certain things about yourself are sure to raise your rates.
But don't do it.
Most standard life insurance policies include a two year contestable period, meaning the insurance company can rip up your policy if they find out you lied on your application. Things like forgetting to mention you'd been treated for cancer, or that you've smoked for forty years. What this means is that if you die within that two year window, your family may not see one cent of that money.
Now there are some gray areas---not everybody remembers everything about their medical history, and failing to mention something may be due to forgetfulness, not fraud. As long as there is no intent to deceive, the policy is likely still in place.
The good news is that positive changes in your health situation could mean lower rates. Say you finally quit smoking, or get your blood pressure under control. Let your carrier know. They may have a provision that allows for your rates to drop if you can prove that the change is sustained over a period of time—six months to a year, in many cases.
Same goes if you've given up a hobby that your insurance company considers dangerous—like scuba diving, or piloting your own plane.
So if you've had your life insurance policy for a few years, read back through it, and see if the information needs to be updated.
Approximately 80 percent of Americans suffer from back pain at some point in their lives, and many people turn to medication or surgery for relief. You already know that too much activity, as well as
Approximately 80 percent of Americans suffer from back pain at some point in their lives, and many people turn to medication or surgery for relief. But Peggy Hall says the answer can be found on your own two feet!
Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
He used to run a bakery in Douglas, Georgia; but he turned over the mixers and ovens and pie pans to his children so he could pursue his real dream: Inventing.
He used to run a bakery in Douglas, Georgia; but he turned over the mixers and ovens and pie pans to his children so he could pursue his real dream: Inventing.
Here's a troubling statistic: the CDC says one in five high schoolers smokes cigarettes. So how is the National Cancer Institute getting kids to kick the habit? Well - they created an app for that.
Here's a troubling statistic: the CDC says one in five high schoolers smokes cigarettes. So how is the National Cancer Institute getting kids to kick the habit? Well - they created an app for that.
About 12 Americans die every year from venomous snake bites. But hundreds more are bitten and survive only because they receive life-saving antivenin in the nick of time.
Flooding can bring snakes to the surface of your yard, but this one is especially dangerous! America Now Expert Jules Sylvester shows how you can spot it, and what to do if you get bitten.
Mice are one of the most resilient mammals living on the planet. Some people have them as pets, and they're also used in laboratory experiments. If wild mice get inside your house, they can potentially
If wild mice find a way inside your home, they can potentially cause thousands of dollars worth of damage to your drywall and insulation. They can also transmit a harmful disease which can cause death in humans.
