Content Overview
- Summary
- How To Apply For A Living Benefit: Individual Policy
- How To Apply For A Living Benefit: Group Policy
- If You Have Federal Employees Group Life Insurance (FEGLI)
- What About Confidentiality Of My Medical Information?
- When You Receive Payment For A Living Benefit
- Precautions To Take When You First Contact A Life Insurance Company
How To Apply For A Living Benefit
Precautions To Take When You First Contact A Life Insurance Company
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Before contacting the insurance company to inquire about a living benefit, much less applying for one:
- If your policy is less than two years old, review the application for the insurance to be certain that all of the information you provided in order to obtain the coverage was accurate. During the first two years of any policy, the insurance company that issues the policy has a right to contest the validity of the policy. You want to make sure that they have no reason to do so.
- During your initial inquiries about a living benefit with the insurance company or your employer, you do not have to disclose your condition or diagnosis. This doesn't mean that you won't be asked about your condition, however. If asked you may politely respond that you don't wish to discuss it. We recommend giving an insurance company as little information as possible until you are able to determine if you may be eligible for the living benefit.
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