N
I have recently been getting quotes for Life assurance. I have taken anti depressants (Lexapro) to treat anxiety not depression in the past but only have been seen by a GP. Does this need to be declared?
If it is not delared does it only become a voidable issue in a related death scenario ie suicide?
Thanks
Is that regardless of the circumstances? ie. if the reason for the claim was far removed from the information that had not been disclosed?if down the claim a claim was made and it came to light that you hadn't disclosed the information the life company can and probably will refuse to pay out.
Yes. Uberrima fides and all that...Is that regardless of the circumstances? ie. if the reason for the claim was far removed from the information that had not been disclosed?
If I hadn't declared initially, what possibility is there to correct the situation 3 or 4 years later?
The background is that I was prescribed anxiety meds probably only a couple of weeks before I signed the life assurance declaration. I didnt expect to still be on them - and having read this thread, I see that its a problem.
If i go back to them now, surely there is the possibility that my premium will increase a few times over??
Its just life cover. No dependants - but I don't like to make foolish purchasing decisions and obviously I have done here.You really ought to have answered the question re current medication truthfully at the time.
What type of policy did you take out ie life cover only or are there additional benefits on it also? If you have life cover only, you are probably ok unless a claim is made as a result of the condition related to the medication, which may well invalidate the policy. If you have additional benefits e.g. hospitalisation etc it is more important to have the misinformation corrected.
For peace of mind and especially if you have dependants I'd suggest contacting the life assurance company and advising them an error was made. While it is unlikely to affect your cover, it is better in the long run, to have these things in order.
Didnt think it was possible to switch when it came to life assurance. Will try this option - at least if theres a heavy premium and I can't afford to pay excess at the moment, I can defer for a while.LDFerguson said:(2) Approach another life assurance company and apply for the same cover.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?