Can I get away with not telling the Insurance Company something that may affect my health coverage?

    Published: 06-16-2009
    Views: 11,070
    Bob Ley, Vice President of Sales with AIG, highlights the importance of correctly reporting information when purchasing a policy.

    Host: Can I get away with not telling the insurance company something that may affect my health coverage?

    Bob Ley: Tell the truth, there is no sense in shading the facts on your application to get a lower rate. Be assured when a claim is made the insurance company will investigate before paying. The insurance policies also have a two year contestability period from date of issue to permit the company to challenge life policies, or the insured knowingly made incorrect representations on the application.