We’re all looking for ways to save money, whether it’s by switching from one service provider to another or simply shopping around. As we know though, there are certain things in life where there is no point to cutting corners. One of these things is life assurance If you’re paying a monthly premium as a non-smoker yet you do actually smoke, you’re effectively burning good money. The reason for this is because an underwriter will have collected all detail between yourself and your doctor or the medical report you provided and painstakingly worked out the most competitive package for you.
If even one detail is incorrect, the policy is thus invalid. If the policy is invalid, yet you have been paying, it won’t make much any difference. In a nutshell, the onus lies with you to ensure you provide the most accurate information possible. With this, there can be no denying the fact that smoking can be seriously detrimental to a person’s health so it’s best to share the detail instead of hoping it won’t arise later along the road. So you are asked during application “have you smoked tobacco of any kind in the past 12 month’s or do you intend to smoke in the future”. If you’re not truthful your policy will be null and void.
Aside from smoking however, there are a few other items you may need to consider. An honest description of your fitness level is a good place to start. Then, as you find yourself revealing details, you’ll be asking whether or not you ought to insert your regular bull fighting or your penchant for rope and harness free rock climbing. There are a myriad of extreme sports and hobbies people immerse themselves in without considering the impact on one’s life assurance policy. Of course, we can’t live our lives to such a strict set of rules, but please remember to notify us if you take part in these kind of pastimes.
Finally, and many seem to misunderstand this part, we ask about your health previously to get a fully rounded picture of who you are. We need to know what it is you need, and therefore what it is we can offer you. If you had a minor operation, mention it. We don’t ask about normal illnesses such as cold and flu, but it’s imperative that we know as much as possible. In the event of a tragedy, the most important thing for you is knowing that your family will be well taken care of. Don’t slip on one tiny piece of information and leave them with nothing but pain and worry.