by lifeagent911 » Tue Dec 30, 2008 03:20 am
This is worth it weight in gold. I suggest that you get your clients to sign it. I can't tell you how many times, it have help the agent, when a client lied on the application.
Applicant's Statement of Truth and Acknowledgement
I hereby acknowledge that all my answers given on application(s) for life, long term care, cancer and/or health insurance today, ___________________2009 are true and complete to the best of my belief and knowledge.
I will review the application(s) completely to make sure all answers are correct and complete before signing such application(s).
I fully understand that an insurance company can later rescind a policy or deny/reduce a claim/benefit due to my application answers that were not knowingly truthful in fact, misrepresented, or lacked material information known by me. This information includes, but is not limited to, my current and past medical history as well s any tobacco usage.
Furthermore, I will not hold you, my agent, responsible in any manner whatsoever should a company later rescind a policy or deny/reduce a claim/benefit for these reasons.
________________________________
Applicant/Owner
__________________________
Agent
___________________________
Witness/Beneficiary (if available)
This form should be retained by the agent.
A copy may also be given to the applicant/owner.
Applicant's Statement of Truth and Acknowledgement
I hereby acknowledge that all my answers given on application(s) for life, long term care, cancer and/or health insurance today, ___________________2009 are true and complete to the best of my belief and knowledge.
I will review the application(s) completely to make sure all answers are correct and complete before signing such application(s).
I fully understand that an insurance company can later rescind a policy or deny/reduce a claim/benefit due to my application answers that were not knowingly truthful in fact, misrepresented, or lacked material information known by me. This information includes, but is not limited to, my current and past medical history as well s any tobacco usage.
Furthermore, I will not hold you, my agent, responsible in any manner whatsoever should a company later rescind a policy or deny/reduce a claim/benefit for these reasons.
________________________________
Applicant/Owner
__________________________
Agent
___________________________
Witness/Beneficiary (if available)
This form should be retained by the agent.
A copy may also be given to the applicant/owner.
Posted: Mon Jan 05, 2009 07:42 am Post Subject:
When answering interrogatories sent to me by an Insurance Company prior to the Insurance Company resending on a Health Policy. Over half the questions stated "Does your handwriting appear in this section of the application" siting every section and page of the application. We never complete an application for an insured.
Posted: Mon Jan 05, 2009 09:20 am Post Subject:
Just tell use the name of the insurance company and we will look up the company and see if they lose a lawsuit. I bet you can't do it.
I don't think any insurance co. would ever do it!
The underwriters would perform a close scrutiny once you submit your insurance application and then only your policy would be issued. Also, I'm never gonna believe that any laws e.g. Hipaa are meant to cover up lies or negligence.
Posted: Mon Jan 05, 2009 10:48 am Post Subject:
As much I understand about the Health Insurance Portability and Accountability Act that it prevents misuse of the health information of the individuals and protects their privacy, but at the same time allows the insurers and medical practitioners' access to the relevant information regarding patient's health.
E X A C T L Y.
I think the one comment that is driving both me and lifeagent911 nuts is this:
A friend of mine has a 'pre-existing' Medical condition, that is 'covered' under the HIPAA Law. 'His' Insurance company refused to sell him Life Insurance if he did not sign a similar form ('not responsible for...). His Mother was POA. When my friend passed away, his mother sued the Insurance company and won.
Below is actual language from an actual life insurance application:
This authorization complies with the HIPAA Privacy Rule. I understand that if I refuse to sign this authorization, the Company may not be able to process my application for life insurance. I acknowledge that I have the right to request and receive a copy of this authorization.
Personal Health Information
I authorize any physician, health care professional, hospital, clinic, laboratory, pharmacy, medical facility, health care provider, health plan, insurer, and/or any other entity subject to the Health Insurance Portability and Accountability Act of 1996 (HIPAA) that has provided treatment, service, payment, or coverage to me within the past 10 years to disclose my entire medical record and any other protected health information concerning me to the Company, its agents, employees, representatives, insurance support organizations, and reinsurers (“the Company”).
Now sd' is correct in the fact that you DON'T have to sign the HIPAA form, but the company won't issue a policy without it because they won't be able to evaluate your insurability without medical records.
This whole HIPAA thing is ridiculous. It has manifested itself because the disease AIDS and HIV is the ONLY medical condition that has civil rights.
Additionally, the very refusal to sign such a form has the EXACT effect that supposedly the HIPAA privacy rule is trying to protect, namely, the person who refuses to sign a HIPAA authorization form probably has AIDS or is at risk for developing HIV/AIDS.
Posted: Mon Jan 05, 2009 10:54 am Post Subject: insurance
As I said, SEVERAL times, it 'is what it is'.
Posted: Mon Jan 05, 2009 11:05 am Post Subject:
SD' c'mon now, you've offered nothing but your opinion.
Not one shread of verifiable facts from a credible source.
PLEASE read the links provided on this thread relating to HIPAA.
If you are advising people they DON'T have to sign or disclose the fact they have HIV/AIDS on medical or life insurance applications you are WRONG.
Posted: Mon Jan 05, 2009 03:43 pm Post Subject:
sdchargersfan said
"ANYONE has a right to have Medical or Life Insurance"
What law says we have to sale anyone life insurance no matter what is wrong with them? Why is this a right?
I think it is crazy that you think the hippa law requires an insurance company to take a person with aids/hiv or anything wrong with them.
If what you are saying is truth, then why do they put health questions on the application?
I have reviewed a lot of your other post. Seems like to me that you just like to talk bad about insurance agents and keeps saying that we only want to make money and don't care about our clients.
Posted: Mon Jan 05, 2009 06:55 pm Post Subject: insurance
Thre ARE Health questions on applications, concerning Life Insurance...........there was ALOT of Health/Medical questions on mine, anyway. The Life Insurance I have in the Military asks ALOT of Health questions..............I have a $400,000.00 policy through the Military. I'm "wrong" telling my 'client' this infomation? Well...................then you better let the 'client's caseworker know this.............the caseworker gets her nformation from the county/state of PA. So.........as I said, I don't think an ENTIRE state is wrong.
Posted: Thu Jan 08, 2009 07:29 am Post Subject:
Sd, what you are stating is too good to be true. If the insurers are nor allowed to discriminate based on the health conditions then people in good health would end up paying more they they are required.
Now tell me, would you support the idea of providing auto insurance at even rate to all the motorists no matter how tinted their driving records are ? If the insurers are allowed to discriminate applicants based on their driving records, then why shouldn't they do the same with the health/life insurance.
~Jeremy
Posted: Thu Jan 08, 2009 07:37 am Post Subject:
Jeremy, I think that is the reason why the states have high-risk pool and/or guaranteed health plan schemes available in the states. It facilitates the people with pre-existing health conditions and serious health troubles finding appropriate health plans. However, these plans too are rated very high to cover the high risks associated with covering these policy holders.
I have seen people with Cancer toiling to get life insurance since no carrier is ready to get them covered. I think the same applies to HIV/AIDS as well.
However, if the medical condition was unknown to the applicant at the time of buying the plan the insurer is liable to cover the incident.
Posted: Thu Jan 08, 2009 12:06 pm Post Subject: insurance
I don't know what to tell ya'll........Laws and Guidelines can't be changed because someone doesn't approve of them.
Add your comment