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Yes. If the insured provided ANY information that he or she knew to be fraudulent the insurer has no legal obligation to honor a claim against the policy. The two year contestability clause allows the insurance company to cancel you policy if they find any cause such as lying on an application. After the two year period they can not cancel the policy nor deny a death claim. You will be refunded any premiums you have paid. Bottom line, DO NOT LIE!

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โˆ™ 2009-03-17 21:16:10
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Q: Can a term life insurance that is filed before the two year mark be denied based on employment discrepancies saying that the insured lied about employment?
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Related questions

What happens to insurance when beneficiary dies before insured person?

generally nothing. Insured person can name another beneficiary.

Is SIR insurance?

"SIR" is short-hand for "Self Insured Retention" which is very similar to a "deductible". Basically, it is the amount that the insured must pay before the insurance policy is triggered.

Do you have to have insurance on a car before you can change owners?

A vehicle can be titled without insurance, but must be insured before getting a tag or registration. Exception: If a car still has a lien from a financing company, the car may have to be insured to change owners.

If a beneficiary of a life insurance policy dies before the insured what happens to the money once the insured dies?

Goes to the beneficiaries heir's or estate.

What is contingent owner on life insurance policy?

The new owner of a life insurance policy if the original owner dies before the insured.

Does the car you want to drive with learner insurance on it need to be insured elsewhere before you can drive it?

There is no such thing as learner insurance. Any vehicle you wish to drive must be insured if mandated by law in your State, Province, etc.

Can an insurance co give you insurance without a license?

yes in my state i had to get insurance before i could get my license back Yes, Every State requires you have an insured vehicle before before you can even take the driving test to get your license.

Is it possible to sell a term insurance policy before the insured dies?

Yes it is. Generally the insured needs to be over 50. The older they are the higher the value. I can help you get offers. 4LifeGuild

If beneficary dies before the insured does surviving spouse have rights?

If the beneficiary of a life insurance policy predeceases the insured, the insured should make arrangements to name a new beneficiary. If they do not, the policy proceeds will become part of their estate if they die without naming a new beneficiary. You should consult with the insurance company.

What is the amount of money that the policy holder must pay before the insurance company will reimburse an insured loss?


How do you find out if a Contractor has a Liability Insurance in FL?

Generally you just ask the contractor if he's insured, before hiring them.

When your house gets burned down and you are all sad about it how can you cure the sadness and how can the insurance help?

your sadness can be cured if your house was insured in a fire insurance before it was burned and the insurance can help you through your claims

Is Barack Obama insured?

He was a senator before becoming president, and both are insured. He's also worth millions, so he could easily afford buying insurance if the government didn't.

Can you get insurance before getting vehicle registration?

No you can't. I'm having the same problem! In Michigan the Secretary of State requires a vehicle to be insured before you can register it but my insurance company requires the vehicle be registered in my name before they will insure it!

Is hypertension a pre-existing condition?

If it was diagnosed or if the insured otherwise had notice of it before making the application for insurance, yes.

Is life insurance considered as the estate of the deceased?

only if there is no beneficiary named on the policy, or if the beneficiary(ies) deceased before the insured.

In an insurance contract may the insured unilaterally cancel the contract?

It depends on the language in the contract and the type of insurance, but generally the answer would be yes in most states. For example, automobile liability insurance policies are generally able to be cancelled anytime by the insured. You don't have to wait for your policy to come up for renewal before switching to another insurance company, for example.

What is an insurance solictor?

The act of an insurance solicitor is to settle disputes between two aggrieved parties i.e. insurer and insured amicably before going for legal battle or dragging the case bofore insurance ombudsman.

Is there a deductible on liability auto insurance?

Not with respect to personal auto insurance. However, when commercial auto insurance is involved, especially fleet coverage, there sometimes is. It is not called a deductible, but a "self-insured retention". The insured selects an amount that it is willing to pay toward the indemnity of a third party before the insurer's obligation to pay is triggered.

What does deductible and coinsurance mean?

On a health insurance policy, a "deductible" is a specified amount which the insured/beneficiary must pay out of their own pocket, before their insurance will pay any covered medical services. After the deductible amount is met, a "coinsurance" is a percentage amount which the insured/beneficiary is responsible for. For example, if an insurance policy is an "80/20 plan", this means that the insurance company pays 80% of medical services, and the patient (insured) is responsible to pay the remaining 20% (coinsurance).

What type of insurance has a sir deductible?

SIR stands for self insured retention. It is a deductible applied to some liability policies. The term deductible is used for insurance that covers property losses, such as the insurance that would replace your house if it burned down. Retention is a term that refers to liability insurance, insurance that pays on your behalf if your negligance caused someone else to suffer a loss. Certain liability policies,such as umbrella policies and professional liability policies require the insured to, under certain circumstances, pay for part of the loss. The self insured retention is paid by the insured before the insurance company pays for the remainder of the loss. On umbrella liability policies the self insured retention applies to losses that are not covered by underlying, primary liability policies. On professional liability policies, the self insured retention applies to all losses, and is a way for the insured to lower their premiums by retaining the risk of losses up to a certain amount.

Why does fire insurance policy expires on the same date it was issued while motor insurance expires one day before the date it was issued?

12.01 am Standard time at the address of insured

Who receives the benefits or money from a life insurance policy upon the death of the insured?

The beneficiary designated on the policy application is the recipient. Usually, a secondary ("contingent") beneficiary is also named in the event that the primary beneficiary dies before the insured. The estate of the deceased can also be the beneficiary if it is named as such or if there are no named beneficiaries or if all of them die before the insured. In that event, the insurance proceeds become a part of the estate and are distributed according to the insured's Last Will and Testament. If the insured dies without a Will, the estate, including the insurance proceeds, pass according to state law according to the laws of intestate succession.

What exactly is insurance indemnity?

Indemnity insurance is compensation for the beneficiaries of the policies for their actual economic losses. This is typically up to the limiting amount of the insurance policy. It generally requires the insured to prove the amount of its loss before it can recover.

How long before i get employment insurance?

Employment insurnance will usually start afer your probation is over. It should say in your contract how long you will be on probabtion for it is usually 3 months.