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Understanding Insurance - Frequently Asked Questions


The Frequently Asked Questions page is grouped into top-level sections for convenience.
Click on the category or type of insurance that your question relates to:





Insurance Information and Answers to
Life Questions



Q&A
How do I get a Life Insurance quote from your website?

Q&A
I have a medical condition. Can I still purchase life insurance?

Q&A
What is the Medical Information Bureau?

Q&A
What is misstatement of age or gender?

Q&A
If the information I provide does not accurately reflect my actual health condition, can my life insurance policy be cancelled?

Q&A
What happens if I misrepresent other information on the application?

Q&A
What are "death benefit settlement options" and how are they paid out?

Q&A
What if my birthday is in the next four weeks? Will the policy be issued in time to benefit from the lower premium based on my current age?

Q&A
What is backdating?

Q&A
Do I have to name a beneficiary?

Q&A
Why is so much information required to apply for life insurance?

Q&A
What happens if I move to a new state after purchasing a life insurance policy that is not offered in my new state?

Q&A
Why is my gender considered when I apply for life insurance?

Q&A
After a life insurance policy is approved and issued, can I apply for a rate reduction if the reason my policy was rated no longer exists—for example, if I quit smoking or I lost weight?

Q&A
If I work in a hazardous or high-risk occupation, will my application for insurance be denied?

Q&A
If I participate in a high-risk leisure activity, will my application for insurance be denied?

Q&A
If I have had three or more moving violations within the last three years, or been convicted of a DUI within the last five years, will an insurer reject my application for life insurance?

Q&A
Will I be denied coverage if an application for life insurance has been previously declined?

Q&A
Why do you ask about my family's medical history?

Q&A
Do smokers pay higher premiums than people who don't smoke?

Q&A
How can an insurance company find out if I'm really a smoker?

Q&A
Why would an insurance company want to contact my doctor?

Q&A
Can I be billed for premiums on a monthly basis?

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