Top Cautions Insurance Consumers Need to Know!
With most of the insurance service providers making it easier to obtain different kinds of insurance policies, more and more consumers get coverage. But, it is important to be aware when buying the insurance policy to avoid the hassle when it comes to the claim. To avoid the hassle, there are several things that you must know when buying life insurance. Medical examinations don’t guarantee automatic payout after death There are many insurance policies available with lower benefits that can be obtained at less cost and you don’t even need to undergo a medical examination for it. It is important to know that no requirement for a medical exam does not mean that benefits will automatically be payable after death. As per the provision, if the insurer dies within the first two years of effective policy date, the insurance company can contest the policy and check the insured’s medical history. So, it is good to consult with a professional insurance lawyer near me before buying a policy