Cheap No Exam Life Insurance Quotes
Reader’s Question:
Is it true that better health translates to lesser life insurance premiums? What are the risks if the applicant will not tell the whole truth about his health condition? I am applying for no exam life insurance in Bakersfield, California.
Dane
Bakersfield, CA
Hello Dane.
Nice question. It’s true that you pay less in life insurance if you have good health, not smoking, or have healthy family history. Life insurance companies in Bakersfield, California take it as an insurance risk if you happen to be otherwise. It’s also a reality that people who want to get life insurance are tempted not to reveal the true condition of their health just to save on premium. However, there is real risk in doing so and it’s a serious risk indeed.
Imagine you have a heart condition but you did not disclose it during your application for life insurance. You then paid low premium on your life insurance as a result of a seemingly clear health. Since it is a heart condition, you would be at risk of heart attack anytime. Once you get heart attack and you die, your insurance company will investigate the death and it means going over your medical files. When they found out that you have had a heart condition before you apply, they may deny claims of your life insurance. In essence, this would be a case of fraud and they would not release insurance to your beneficiary despite the fact that you have been paying for it for a considerable period. What you have been paying in life insurance will be lost as a result of such fraudulent act.
Always remember: Companies in life insurance, or any insurance policy for that matter, are diligent and keen when claims come. They investigate before releasing claims. And as much as possible, they would only release claims on valid and accurate grounds. Failure to present evidence of validity and accuracy result in denial of life insurance claims.
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