Life Insurance Question Miami FL
Reader’s Question:
I work as an aircraft maintenance crew. Although I am not always on a flight, my occupation is classified dangerous which disqualified my life insurance application. I am planning to re-apply, this time with another life insurance company in Miami FL. Should I conceal my occupation? I teach as a second job and I’d rather declare that.
Peter
Miami, FL
By all means, don’t even think about lying, Peter.
There are cases of life insurance policies which were cancelled due to misrepresentation. Let’s say, you will pass during your interview and screening, but if the life insurance company will find out in the future, when you have paid enough premiums to secure your beneficiaries, your life insurance policy can be cancelled and the company will not be obligated to pay you any sum due to fraud and misrepresentation.
Aside from your current occupation, which is classified to be dangerous, you also need to disclose information about your activities, like skydiving which is considered a dangerous sport. These kinds of information are vital to the life insurance policy in determining not only if you are insurable or not, but also the rates they should give you if you can be given coverage.
Are you uninsurable then because of your occupation? I’d say you still are. You can ask from your employer because there are life insurance companies that offer insurance to dangerous occupations. Of course, unlike the ordinary life insurance, the rates for such will be relatively higher.
Always remember that you need to be candid and truthful during your application for a life insurance coverage in Miami FL. You don’t want your family members, who are your beneficiaries, to be robbed off of their benefits when you are gone.