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re: Why do people think that they can lie to insurance companies?

Posted on 10/20/16 at 1:36 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69954 posts
Posted on 10/20/16 at 1:36 pm to
Yeah, cancel the policy and start another one with another company. You don't want to volunteer that you were dishonest on the application to the company you are with now.


If it's a whole life policy (which I'm not a fan of), see if you can get some of the cash value by surrendering the policy early. You may be able to recoup a fraction of premiums you've already paid.

This post was edited on 10/20/16 at 1:41 pm
Posted by cardboardboxer
Member since Apr 2012
34353 posts
Posted on 10/20/16 at 1:39 pm to
Yeah I won't do another whole life after I lost money on the last one. It was just a term.

Is there an amount of coverage you recommend?
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