You don’t have to submit false information to get affordable term life insurance quotes—even if you’ve faced medical challenges in the past. In this post, we’ll show you how to get term life insurance the right way. But first, let’s look at the consequences of fudging the details on your term life insurance application.
What Happens if I Lie on My Term Life Insurance Application?
Of course, you want to get the best term life insurance quotes, and glossing over medical or personal challenges in your past may seem like a harmless way to get the protection your family at a low cost, but it’s not a good idea. Here are just three reasons—outside of the fact that it’s not the right thing to do—why you shouldn’t omit or alter details on your life insurance application:
Your application may be denied.
The insurance companies have many resources that allow them to confirm the information you give on your application. The three main ones include: