When you turned bit old and over 50, looking for a benefit of a life insurance policy rider. The insurance company do cross check the information given by you at the time of taking the policy. Thus filling the correct information is very important to get the correct results. You can take the help of the agent but shall not depend on him for filling the form. You shall not be lethargic to fill the long form as it is going to decide yours and yours family members density at some times. We shall spend enough time in taking at the details of the application form.
The agent gives you royal treatment and tells you that you just need to spend enough time to get the details. You shall disclose all your health details and habits like smoking and taking alcohol. This entirely put in a different risk group and need to go for different tests t o get the policy approval. Your premium may also vary on your age and habits. Thus disclosing your health conditions and habits help the insurance company to find about you correctly and assign suitable policy to you. You may be asked to pay extra premium but you will get the promised claims at the time of requirement.
The another reason for problem is taking the insurance policy only as a tool to save your tax money. We start thinking about it when it is time to file your tax return and you do not have enough time to access it. A neighbor or a friend agent attend your case and tell a policy is good. It may be actually good for him and gives him a better commission. This puts in soup and trouble. Paying enough time in getting the policy and fill the correct details. If you have not declared your bad habits and health problems, they may reject your claims when you asked for it.
You can ask for a correction that is given in the information with the life insurance policy. It depends on the company and it may ask you to pay extra premium. But any way is better to make sure that your policy will come to rescue when it is needed.
Related Post
Common mistakes while taking insurance for over 50s
Need of Life Insurance for age above 50 years
Ways to get free life insurance quote online
Automobile insurance cheaply for company car Cheap automobile insurance for your new teenage driver
Invest Money in mutual funds for great returns
The agent gives you royal treatment and tells you that you just need to spend enough time to get the details. You shall disclose all your health details and habits like smoking and taking alcohol. This entirely put in a different risk group and need to go for different tests t o get the policy approval. Your premium may also vary on your age and habits. Thus disclosing your health conditions and habits help the insurance company to find about you correctly and assign suitable policy to you. You may be asked to pay extra premium but you will get the promised claims at the time of requirement.
The another reason for problem is taking the insurance policy only as a tool to save your tax money. We start thinking about it when it is time to file your tax return and you do not have enough time to access it. A neighbor or a friend agent attend your case and tell a policy is good. It may be actually good for him and gives him a better commission. This puts in soup and trouble. Paying enough time in getting the policy and fill the correct details. If you have not declared your bad habits and health problems, they may reject your claims when you asked for it.
You can ask for a correction that is given in the information with the life insurance policy. It depends on the company and it may ask you to pay extra premium. But any way is better to make sure that your policy will come to rescue when it is needed.
Related Post
Common mistakes while taking insurance for over 50s
Need of Life Insurance for age above 50 years
Ways to get free life insurance quote online
Automobile insurance cheaply for company car Cheap automobile insurance for your new teenage driver
Invest Money in mutual funds for great returns
No comments:
Post a Comment