I could really use someone's advice here. A few days ago I filed an application for an individual policy with the help of an agent. When I went over my copy of the application the next day more closely, I found about 15 errors on it. Many things that I just didn't think of when I was going through the online application with the agent. (We were going through it pretty fast).
I called the agent back, and told him I think we need to amend all those things or cancell the application. He said he's not concerned about all those things. Only one of them would he ammend. I expressed my concern that I'm worried the insurance company might rescind my policy later on if I'm not very accurate up front. He again said he's not concerned and that he's never seen one rescinded for that.
I'm very confused, because I've been on several discussion forums, and most people tell me that an insurance company can rescind your application for 'anything' you omit (even if unintentional), and even if its totally unrelated to any of your active conditions. My insurance agent is downplaying this possibility, but is he right? Or should I be concerned?
I'm just really torn as to what to do. I'm seriously thinking of cancelling the application and going it on my own. Am over over-thinking this?
It is true that an insurance carrier can rescind your policy if they find the information provided on your application is not consistent with your medical records. In fact I have even seen applications being declined due to the same reason.
If your agent is not responding to your concern, you can contact the insurance carrier directly & ask them how you can submit additional information about your health history. Most carriers accept additional information in writing; some will even take it over the phone.
The Content on this Site is presented in a summary fashion, and is intended to be used for educational and entertainment purposes only. It is not intended to be and should not be interpreted as medical advice or a diagnosis of any health or fitness problem, condition or disease; or a recommendation for a specific test, doctor, care provider, procedure, treatment plan, product, or course of action. MedHelp is not a medical or healthcare provider and your use of this Site does not create a doctor / patient relationship. We disclaim all responsibility for the professional qualifications and licensing of, and services provided by, any physician or other health providers posting on or otherwise referred to on this Site and/or any Third Party Site. Never disregard the medical advice of your physician or health professional, or delay in seeking such advice, because of something you read on this Site. We offer this Site AS IS and without any warranties. By using this Site you agree to the following Terms and Conditions. If you think you may have a medical emergency, call your physician or 911 immediately.