Applying Term Life insurance while waiting for lab results?
by admin ~ March 20th, 2010 . Filed under: Insurance .
Lisa asked:
I had an endoscope and doctor find out that I might have lump or cancer. The doctor said he need to test on cell and let us know the result in two week.
I want to have life insurance Amount $100,000, 20yr term. Here is my questions, as soon as I apply application, do I have to tell them he had test and waiting for results or just not saying anything since underwriting is processed, they’ll find out right? or not? I’m not sure. If company didn’t find out and approve insurance, is this legally ok? (for future claim)
I don’t know, what is best way to have me life insurance with lower rate
Thank you for your answers.
Is there a term policy that has no/little medical underwriting. Can I have that information? Thank you
If I’m applying no medical underwriting, do I need to wait after test results or before test results to apply? To get better rate.
Lon Ko
I had an endoscope and doctor find out that I might have lump or cancer. The doctor said he need to test on cell and let us know the result in two week.
I want to have life insurance Amount $100,000, 20yr term. Here is my questions, as soon as I apply application, do I have to tell them he had test and waiting for results or just not saying anything since underwriting is processed, they’ll find out right? or not? I’m not sure. If company didn’t find out and approve insurance, is this legally ok? (for future claim)
I don’t know, what is best way to have me life insurance with lower rate
Thank you for your answers.
Is there a term policy that has no/little medical underwriting. Can I have that information? Thank you
If I’m applying no medical underwriting, do I need to wait after test results or before test results to apply? To get better rate.
Lon Ko
March 20th, 2010 at 9:08 pm
For term policy that has nolittle medical underwriting yes those policies do exist good luck the best thing to do is be honest if you worse rate.
The best thing to do is be honest if you are ok during the first years.
March 23rd, 2010 at 1:12 pm
The company would be an automatic decline and then that decline and it takes weeks after you died then they check.