Can a life insurance be cancelled due to a new medical issue that has in occured
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UPDATED: Dec 5, 2011
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Insurance Question from Green Cove Springs, FL
Asked on 12/05/2011
Can a life insurance be cancelled due to a new medical issue that has in occured My brother has a life insurance policy that he has been paying on for years. However recently he went into the hospital for a cardiac cath and ended up having 6 bypass surgery. His Life insurance now cancelled the policy. Is this legal?
Answer given on December 05, 2011
You stated that your brother has been paying on the policy for years. Is that two years? There is a two year contestibility period on all life insurance policy. If they found something inside of that two years that was omitted from the policy application that was material information concerning his health that would have otherwise caused them to decline the policy from the beginning, they may cancel for that reason. When they sent the cancellation letter, did it state why they were canceling? Was it non payment or material information on the application? Call them and ask for the reason for the cancellation. Read our article entitled How to Avoid Having Your Life Insurance Claim Denied. This may help explain more. It may be hard for him to find life insurance now due to his heart surgery. However, there are life insurer that will write a life policy for what they consider to be high risk. Ask around. If he still needs a quote on life insurance, go to our quote center and get a quote for a new life policy by clicking here.
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