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Can you have multiple life insurance policies and not tell other insurance company if not how would they ever find out and if i died and they found out would they still pay?
Ricklittle
Hi
It really boils down to if your life insurance company ask about other policies you have.
If they ask you and you lie, then they are well within there rights to contest any claim your family make and may not payout or may not make a full payout on the grounds of non-disclosure.
On the other hand if they don't ask you about other policies then you have done nothing wrong and you have no need to declare them.
You definitely need to be very careful about non-disclosure though!
Hope that helps!
Wiki User
∙ 12y ago
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