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Answered 2011-01-04 15:03:50

The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.

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Normally this would not cause an insurance policy to increase, but it is possible. Every insurance company is different and have different rates. You should check with your insurance company directly and ask. Not at fault accidents can effect the price of a policy when the policy is new business with a company.


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