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Term Life Insurance, Honesty Is The Best Policy by <a href="profile/Akon/398.htm" tppabs="http://www.FindAffordableInsurance.com/profile/Akon/398">Akon</a> As with many insurance policies, you can expect to answer medical questions and likely have a medical exam when you purchase term life insurance. Depending on the type of coverage you are seeking, your medical history can play a huge role in determining your eligibility, monthly premium, and maximum payout available to you. Some policy-seekers may be tempted to be less than honest when answering questions about his or her medical history. The risks of lying far out-weigh the benefits, and telling the truth from the beginning will insure you are properly insured. 
 
Many factors, such as age and weight, will be considered when you apply for life insurance. In fact, insurance companies are very specific about your classification as a policy holder. These classifications, or categories, are preferred plus, preferred non-tobacco, standard non-tobacco, preferred tobacco, standard tobacco (some insurance companies may use the term "non-preferred" instead of "standard"). Like the category names indicate, tobacco use is a huge consideration for insurance companies, which makes it the primary issue on which policy seekers do not tell the truth. Beware! Smoking is one of the easiest things to identify through a medical exam, via a urine sample or a cheek swab. Though the amount of time nicotine remains in your system differs among experts, some estimates indicate nicotine can be detected three to six months, and possibly longer, after a smoker's last cigarette. Long-time smokers or more-than-a-pack-a-day smokers are the most likely to have nicotine in their system beyond the six-month mark. 
 
But even this statistic is not enough to detour some individuals from telling a little white lie in their term life insurance application. Truly, it is not worth the risk. If the lie is uncovered during the application process, it is likely the insurance company will question other information provided by the policy-seeker. Are there medical conditions that possibly were not revealed? This may result in a MUCH more thorough exam into your medical history, delaying the coverage and possibly disqualifying the individual all together. Indeed, dishonesty CAN lead to disqualification. 
 
An even worse scenario than not qualifying for a term life insurance policy, would be having a policy that is rescinded. In this scenario, a policy is issued and premiums are paid. If, in the event the policy holder dies, the insurance company may review the original information submitted. If it is determined the applicant was dishonest, the insurance company may attempt to deny the payout. 
 
Ultimately, honesty IS the best policy. Often times, the information that is withheld may have very little bearing on the coverage and premium offered. Being upfront will create smooth relations with the insurance company and pave the way for quality coverage.

You can visit this <a href="http://www.insurancemoz.com/guides-and-directories/">insurance resource</a> for 
more reviews on <a href="http://www.manyinsurance.com/agents-and-brokers/">agents and brokers</a>, 
actuarial science and auto insurance.

Article Source: <a href="index.htm" tppabs="http://www.FindAffordableInsurance.com/">Insurance Articles Directory, Commercial Insurance Articles Resource.</a>

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Term Life Insurance, Honesty Is The Best Policy by Akon

As with many insurance policies, you can expect to answer medical questions and likely have a medical exam when you purchase term life insurance. Depending on the type of coverage you are seeking, your medical history can play a huge role in determining your eligibility, monthly premium, and maximum payout available to you. Some policy-seekers may be tempted to be less than honest when answering questions about his or her medical history. The risks of lying far out-weigh the benefits, and telling the truth from the beginning will insure you are properly insured.

Many factors, such as age and weight, will be considered when you apply for life insurance. In fact, insurance companies are very specific about your classification as a policy holder. These classifications, or categories, are preferred plus, preferred non-tobacco, standard non-tobacco, preferred tobacco, standard tobacco (some insurance companies may use the term "non-preferred" instead of "standard"). Like the category names indicate, tobacco use is a huge consideration for insurance companies, which makes it the primary issue on which policy seekers do not tell the truth. Beware! Smoking is one of the easiest things to identify through a medical exam, via a urine sample or a cheek swab. Though the amount of time nicotine remains in your system differs among experts, some estimates indicate nicotine can be detected three to six months, and possibly longer, after a smoker's last cigarette. Long-time smokers or more-than-a-pack-a-day smokers are the most likely to have nicotine in their system beyond the six-month mark.

But even this statistic is not enough to detour some individuals from telling a little white lie in their term life insurance application. Truly, it is not worth the risk. If the lie is uncovered during the application process, it is likely the insurance company will question other information provided by the policy-seeker. Are there medical conditions that possibly were not revealed? This may result in a MUCH more thorough exam into your medical history, delaying the coverage and possibly disqualifying the individual all together. Indeed, dishonesty CAN lead to disqualification.

An even worse scenario than not qualifying for a term life insurance policy, would be having a policy that is rescinded. In this scenario, a policy is issued and premiums are paid. If, in the event the policy holder dies, the insurance company may review the original information submitted. If it is determined the applicant was dishonest, the insurance company may attempt to deny the payout.

Ultimately, honesty IS the best policy. Often times, the information that is withheld may have very little bearing on the coverage and premium offered. Being upfront will create smooth relations with the insurance company and pave the way for quality coverage.

You can visit this insurance resource for 
more reviews on agents and brokers, 
actuarial science and auto insurance.

Article Source: http://www.FindAffordableInsurance.com

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