Honesty Pays Off

Don't think of submitting false information on your medical insurance application without first reading this article.

http://www.insurancefreepress.com/health-insurance/dont-fudge-on-your-medical-insurance-application/

"That wasn't a heart murmur you heard, Doctor. It was the day-old pastrami I had for lunch."

I totally agree.

And I would add that honesty pays off in all aspects of insurance. The only claim I ever made, about two years ago, was when a guy rear-ended me. It was a very slow rear-end (his foot slipped off the brake), but I did have a sore neck, and a dent in the tailgate of the ol' Expedition. Because the damage was so minor, and because I probably would not have it repaired, my husband and I debated whether or not I should claim. His argument was that he was a kid (about 19 or 20), and had just made a mistake. I decided to claim, feeling that it was "the right thing to do".

A few days later, the young man called me because he had heard I visited a doctor, and wanted to make sure I was okay. During that conversation, he revealed that this had been his second accident in one week, and that the other person had been more severely injured. It was then that I knew I did the right thing -- kid or not, nice guy or not, there was something about him that was dangerous -- he was distracted, or did not have enough driving experience, or he was irresponsible, or perhaps his vehicle was unsafe, whatever -- and he needed the slam from his own insurer, and perhaps the police, to mend his ways and not get into accidents in the future!

I'm so honest I start to feel guilty when I'm telling the truth! Gets me into trouble sometimes (as in: geez that's one ugly baby... what is that - fetal alcohol syndrome?). Can't escape my fundamentalist upbringing, I guess.

I read somewhere that regardless of what you give for a history on a life insurance application if you have been paying premiums for over 2 years your claim can not be denied. Is that really true?

The period is 3 years, and it's called the "incontestability period". The 2 year rule applies to suicide.

Some contracts have two year inconstestability periods. Some contracts also have only a one year exclusion for suicide.

Does "self-made hail damage" fall under this category? If so, don't tell my rep. at Honest Abe's Auto Insurance (nobody else covers acute myopia and severe walleye, as far as I know)