Life insurance is one of the most significant safeguards you can provide for your loved ones. Ensuring their financial security in your absence offers immense reassurance. At Melvin Gessner Insurance Agency in Willis, TX, our independent insurance agents offer personalized care for our customers, and we’re ready to answer any questions you may have about obtaining and maintaining the right amount of life insurance.
Be Honest on Your Application
It’s crucial to answer all the questions on your life insurance application truthfully. While it might be tempting to omit information about current or past smoking habits, it’s important to be upfront. If you’re not truthful and the insurer discovers this, your policy could be canceled, leaving your loved ones without the coverage they need.
Always Pay Your Premium on Time
The most common reason for life insurance policy cancellations is nonpayment of the premium. There are many reasons for nonpayment, but not all are justified. Setting up auto-pay is the best way to avoid this. If you’re facing a temporary financial challenge, contact your carrier to discuss possible solutions to prevent policy cancellation.
Avoid Activities That Could Disqualify You from Coverage
Some activities are considered so risky that they can make you ineligible for life insurance. High-risk activities like hang-gliding, auto racing, bungee jumping, and scuba diving are typically excluded from coverage. Failing to disclose participation in these activities can void your policy.
Contact our office at Melvin Gessner Insurance Agency in Willis, TX, or reach out through our website with any concerns or questions you have about life insurance.
