Discuss your application with your financial advisor but be sure to answer the questions honestly and complete the form correctly. I was involved in a case a few years ago where the life assured’s broker didn’t think it relevant to mention his client’s diabetes in the application form and when the life assured filed a claim and my client, the insurance company, discovered the omission, my client repudiated on the basis that the omission was highly material and would most certainly have had an impact on whether the life assured would have been granted cover and the premium that would have been charged. The fact that his advisor didn’t think it necessary to disclose the condition didn’t save him. He lost an expensive law suit and his chances of benefitting from his insurance cover.
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What do you think?