Having life insurance does not always mean you are covered. When you are in the process of setting up life insurance, you must ensure that clear disclosure is made about you health history. A good advisor can help with this process.
This is also vital for other types of insurances such as medical or mortgage protection.
Will a claim ever be paid?
For many people claims can be denied after even many years of paying premiums due to non disclosure. This is where the insurance company finds that application process was not done correctly when it came to disclosing things about your health.
Surprisingly this can even be the case for non disclosure of what could be considered as trivial matters. Such as doctors visits that did not lead to a diagnosis of a condition.
The best way to set up life insurance is to talk to an advisor you trust. Getting the application process right can mean financial security for the entire family.
