'It's not worth it' - Appeal to people to disclose everything on life insurance policies.
It's not worth lying on a life insurance policy, as tests by companies are too sophisticated now.
Rockwell Finance Managing Director Robert Whelan was speaking as a new survey found more than one-in-10 45 to 54 year olds have been economical with the truth about their smoking or drinking habits to get cheaper lifeThe survey from Peopl Insurance also found that more than one-in-20 of those who sought life or serious illness cover have struggled to get the insurance due to a health issue, with women and those aged 25 to 34 most likely to struggle.
"Just disclose everything; modern underwriting has allowed insurance companies to take a pragmatic view, more so than it was even 10 years ago. "There's been a move by the industry which successfully has gotten cancer survivors the ability to get life insurance with the Irish Cancer Society. "From the 6th of December, someone who has finished their cancer treatment over seven years ago can now apply and get life insurance," he added.Main image: A person fills out a life insurance policy application. Picture by: Panther Media GmbH / Alamy Stock Photo
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