Consequences of incorrect information in a life insurance application

I left out a few details about my health when applying for my Swiss life insurance policy. Would I still get the life insurance benefit paid out if my death is caused by one of those health issues?

Hi there,

When applying for any kind of insurance you are obligated to provide all requested information truthfully to the full extent of your knowledge. This extends to things which the insurer assumes you should be aware of - such as health issues - even if you are not aware of them because you haven't undergone necessary examinations.

When you make a claim against a hazard which is deemed to have resulted from undeclared, pre-existing conditions, your insurer could declare your contract invalid and refuse to pay the benefit.

If you withheld important information, you should inform your insurance provider about this as soon as possible. The insurer will, in most cases, void your contract. They will then decide whether to create a new contract which accounts for the new information provided, or to reject you as a customer. In any case, you avoid the risk of making a fraudulent claim and possibly losing your entire life insurance investment.

Best regards from Moneyguru

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