An insurance policy serves to secure all the things that are
important to you. It helps you to be financially stable during
unfortunate events like accidents, disability and death. It helps you
have the peace of mind by putting things in order, no matter what
happens.
However, some people are not too keen on the idea of divulging so many details of their lives. That is why some people are wondering if they should disclose everything in the process of getting a life insurance quote. The answer is yes. The information that you will provide on your insurance agent / broker will be the basis of your insurance quote. If you will not provide honest information, you can in turn expect an insurance policy to do the same.
However this is not without qualifications. Remember that not everything is needed to be disclosed. Keep in mind that only the relevant details asked of you should be answered and not other incriminating questions that are completely unrelated to your insurance policy. No matter how unlikely this might happen, (since reputable insurance companies only tend to ask relevant questions) you still need to be vigilant about the information that you disclose. Surely, you won't want to cause yourself unnecessary harm.
Here are some of the reasons why you should fully disclose honest and relevant information when getting a life insurance quote:
1. For accuracy - You can only be sure to get the exact insurance that you need if you provide honest information in your application. The information that you will provide will dictate the type and amount of the insurance policy that the broker / agent will advise you. Remember that the insurance policy can only be as accurate as the information that you provided.
2. For expected returns - This is closely related to accuracy. Surely, you do have expectations with regard to the benefits that you will get from an insurance policy. This is only natural because you have spent your hard-earned money on it. However, if you are not honest with your agent/ broker, you might not get what you expect. This is primarily because you were not honest with your expectations (and the surrounding circumstances) in the first place.
3. Avoid being apprehended - Most insurance companies require you to give truthful information for fear that you will be legally apprehended. Providing false information is equivalent to fraud, which has been the favorite subject of law suits
4. To maintain good reputation - A good reputation is one of the best investments that you can have. This is considered when you apply for an insurance policy. A person with a good reputation is like a person with a good credit score. Do not try to taint this reputation by providing false and misleading information. In the long run, you will realize that a good reputation is not worth risking.
5. Budget fitting - Most people can only allot a certain budget for insurance. The information that you will provide in your application is one of the factors that insurance companies will consider when they determine the premiums. Providing false information will surely distort the budget that you have allotted.
However, some people are not too keen on the idea of divulging so many details of their lives. That is why some people are wondering if they should disclose everything in the process of getting a life insurance quote. The answer is yes. The information that you will provide on your insurance agent / broker will be the basis of your insurance quote. If you will not provide honest information, you can in turn expect an insurance policy to do the same.
However this is not without qualifications. Remember that not everything is needed to be disclosed. Keep in mind that only the relevant details asked of you should be answered and not other incriminating questions that are completely unrelated to your insurance policy. No matter how unlikely this might happen, (since reputable insurance companies only tend to ask relevant questions) you still need to be vigilant about the information that you disclose. Surely, you won't want to cause yourself unnecessary harm.
Here are some of the reasons why you should fully disclose honest and relevant information when getting a life insurance quote:
1. For accuracy - You can only be sure to get the exact insurance that you need if you provide honest information in your application. The information that you will provide will dictate the type and amount of the insurance policy that the broker / agent will advise you. Remember that the insurance policy can only be as accurate as the information that you provided.
2. For expected returns - This is closely related to accuracy. Surely, you do have expectations with regard to the benefits that you will get from an insurance policy. This is only natural because you have spent your hard-earned money on it. However, if you are not honest with your agent/ broker, you might not get what you expect. This is primarily because you were not honest with your expectations (and the surrounding circumstances) in the first place.
3. Avoid being apprehended - Most insurance companies require you to give truthful information for fear that you will be legally apprehended. Providing false information is equivalent to fraud, which has been the favorite subject of law suits
4. To maintain good reputation - A good reputation is one of the best investments that you can have. This is considered when you apply for an insurance policy. A person with a good reputation is like a person with a good credit score. Do not try to taint this reputation by providing false and misleading information. In the long run, you will realize that a good reputation is not worth risking.
5. Budget fitting - Most people can only allot a certain budget for insurance. The information that you will provide in your application is one of the factors that insurance companies will consider when they determine the premiums. Providing false information will surely distort the budget that you have allotted.
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