life insurance no physical exam?
if someone gets approved for a $250,000 30 year term policy with no exam but after 10 years died from cancer, should the policy still pay?
he wasnt diagnosed with cancer until 5 years after he had the policy but the Dr said he may have had the cancer for over 5 years
so would that be considered a pre existing condition? even if it wasnt in his medical records when he was approved for the life insurance policy???
SHOULD THE LIFE INSURANCE COMPANY PAY????!!!!!!!!!!!!
Glenn
December 20th, 2008 at 10:29 PM
Larry
Since he wasn’t diagnosed with it until 5 years into the policy, the policy should pay out.
Only way it wouldn’t would be if there is an exclusion in the policy.