The Truth About Life Insurance — What Companies Want You to Believe

Life insurance is a great thing to have, unless you are in the dark about your policy.

So you care about your family and want to make sure they are well taken care of in the event of your untimely demise.  You’re not alone.  Plenty of Americans seek out life insurance as a way of making sure that their families are safe and secure if something happens that no one could foresee.  But are life insurance companies being 100% legit?  Well, it depends on who you ask.

Finding a good life insurance policy is a science, and there are way too many charlatans out there that want to take advantage of you.  But, by far, the biggest conspiracy regarding life insurance quotes and policies is that so many of them rely on your given information as binding to the policy.  What does this mean?  Well, it’s confusing, for sure, but Common Sense Conspiracy wants you to be aware of the wolves hanging out near your door.

Many companies on the Internet and otherwise are more than willing to give you a life insurance quote or policy based on some earnest answers to their questionnaires.  However, the truth is that what they are really hoping for is that you will lie to them.  Now, this immediately brings up the visual picture of someone with a terminal illness that they somehow know about without it being officially diagnosed trying to take advantage of the system.  But the truth is that the questions asked on life insurance questionnaires are designed to get you to lie.  How so?  Simple.  It’s all in the terminology.

For example, many questionnaires ask the question have you ever been treated, given advice, or tested for high blood pressure.  Look at what we just stated.  They are asking a very detailed question in the hopes that you will overlook some very important information.  Who in this world has not been to a doctor and had their blood pressure tested?  Was the visit exclusively to review that particular health indicator?  Probably not, but almost everyone has had their blood pressure taken at some point.  Well, if you read the question as posed by the life insurance company correctly, you will see that it actually asks if you have ever been TESTED?  Not diagnosed with high blood pressure.  Not issued medication or put on a restrictive diet, but TESTED.

So what’s the big deal, you say again?  The big deal is that the whole idea behind life insurance policies is that they don’t think you are going to die.  That way, they collect your money and never have to pay out.  But a pesky part of the process is that some people will die… and that’s where the technicalities come in.  You could have dutifully paid your premium for years and then die in some tragic circumstance where the life insurance company simply refers to your medical records and finds that you stated that you were never TESTED for high blood pressure.  About the only way you could accomplish this is to never go to a doctor ever ever.

Frighteningly, this tactic works, and many life insurers are able to step out of their obligations by some technicality such as this.  So, the message is that you must answer these questions 100% correctly.  It’s perfectly reasonable to a normal person that does not have high blood pressure to think that this means they are an obvious NO to such questions, but the terminology in these matters is so important.

So read those policies well, Common Sense Conspiracy readers, and make sure that even in the unlikely event of your untimely demise you won’t find others wanting with regret.

One thought on “The Truth About Life Insurance — What Companies Want You to Believe”

  1. I believe you are oversimplifying just a bit, but there are definitely some very hairy questions on an application. Just be sure you always answer to the best of your ability. The insurance company is always going to look into your medical history if there are any questions of health, and even your driving record could raise flags. If you’re accepted, the financial side of their claims paying abilities should be your only concern thereafter.

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