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How to Buy Life Insurance

Can I get away with not telling the Insurance Company something that may affect my health coverage?

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Bob Ley with AIG
Vice-President of Sales with AIG American General, AIG
Term Life Insurance  

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions.  AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer.  In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.  AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

Can I get away with not telling the Insurance Company something that may affect my health coverage?

In this video, Bob Ley from insurance company AIG discusses the many issues surrounding how to select and purchase life insurance.

This expert: 53,784 views

This series: 53,783 views

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Host: Can I get away with not telling the insurance company something that may affect my health coverage?

Bob Ley: Tell the truth, there is no sense in shading the facts on your application to get a lower rate. Be assured when a claim is made the insurance company will investigate before paying. The insurance policies also have a two year contestability period from date of issue to permit the company to challenge life policies, or the insured knowingly made incorrect representations on the application.

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