Any Life Insurance Experts?
What is your question and I will try to assist
I was wondering if Just Answers had any experts to answer Life Insurance questions
I am an attorney and familiar with life insurance but it depends on the question. In addition I am going offline for the night. If you want to post your question I will try to answer in the morning.
Hello... My question is I was denied life insurance on the basis that I handle my health through Chinese herbs and alternatives. The company told me they would only cover me if I was on medicine for thyroid. They also told me they reported it to the Mib and I probably would not be able to get life insurance from anyone. Is this true? I feel violated and black balled. I am wondering if this is how the law look at this?
I am sorry to hear of your situation. However, life insurance companies are private companies and have the right to set qualification policies and procedures. There is no public policy issues in life insurance as there are in health insurance. The law considers life insurance simply as a private contract and the parties have the right to either form or not form a contract. Sorry.
I know that part. But do they have the right to report that on the Mib as a red flag?
Supposedly the report is not supposed to be used to deny you insurance. There is nothing illegal about the sharing of the information. Here is a complete report about the MIB http://www.foxbusiness.com/personal-finance/2010/09/27/insurance-companies-say-mib-life-insurance-report/
Experience in landlord tenant rights and evictions
Thanks for link. I will order my report. That was very helpful. Thanks
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