As someone who has been in the life insurance business for 25 years, I can tell you they will have to pay. It is a legal contract and once it's passed the 2 year contestability clause (this clause is in ALL life insurance contracts, it gives them the right to investigate the death), they cannot refuse to pay for any reason. Now, that doesn't mean that they can't change the language of the contract for future policies but I haven't heard any rumblings of they might do that at this point. Just giving my 2 cents...😁
I'd be happy to! Life ins rates are based on age, sex, and health history. There are several carriers you can choose from depending on those factors. The more negative factors, the choices narrow. So, the best carrier for the best rates is whoever comes in the cheapest (assuming term insurance here and now whole life, etc.)...a term plan is a term plan, is a term plan. If you have some health concerns there's still several carriers that will write you for more premium. The carriers for us right now that have the best rates are Banner Life(Legal & General is the name of parent company), Cincinnati Life and Lincoln Financial. If you want to work with an agent I can find one for you in your area; just DM me where you are if you don't want it out here. Or if you're not keen on an agent, you can also call SelectQuote. They have the same companies we do and they handle it all online. Just be careful of a bait & switch with them...mostly the premium is probably not going to be what they tell you.
As someone who has been in the life insurance business for 25 years, I can tell you they will have to pay. It is a legal contract and once it's passed the 2 year contestability clause (this clause is in ALL life insurance contracts, it gives them the right to investigate the death), they cannot refuse to pay for any reason. Now, that doesn't mean that they can't change the language of the contract for future policies but I haven't heard any rumblings of they might do that at this point. Just giving my 2 cents...😁
I'd be happy to! Life ins rates are based on age, sex, and health history. There are several carriers you can choose from depending on those factors. The more negative factors, the choices narrow. So, the best carrier for the best rates is whoever comes in the cheapest (assuming term insurance here and now whole life, etc.)...a term plan is a term plan, is a term plan. If you have some health concerns there's still several carriers that will write you for more premium. The carriers for us right now that have the best rates are Banner Life(Legal & General is the name of parent company), Cincinnati Life and Lincoln Financial. If you want to work with an agent I can find one for you in your area; just DM me where you are if you don't want it out here. Or if you're not keen on an agent, you can also call SelectQuote. They have the same companies we do and they handle it all online. Just be careful of a bait & switch with them...mostly the premium is probably not going to be what they tell you.
Happy to answer any questions...