newhopeinhim
New member
I (35F) applied and was approved for a 30 year term $1m policy with premiums set at $104 per month. During the application process (medical exam, paperwork) I was totally upfront and honest. I disclosed that my father has a heart condition called Hypertrophic Cardiomyopathy, which can be genetic. I do not have signs of it, but between the time I submitted my application and the time that the insurance company sent me the approval and paperwork for signature, I had a routine screening at the cardiologist for the HCM. They did not find the HCM but did say that I have aortic valve regurgitation (leaky aortic valve) that requires no treatment but said that I should come back yearly for monitoring. Now that I go to sign the paperwork, it asks whether anything has changed since the time of the application.
A. Should I disclose this? I’m guessing I should.
B. How might the premiums change?
C. If I don’t disclose, would it be likely that they would find out and deny a payout or cancel the policy?
A. Should I disclose this? I’m guessing I should.
B. How might the premiums change?
C. If I don’t disclose, would it be likely that they would find out and deny a payout or cancel the policy?