Life insurance policies - anyone about to help?

[norksinmywaistband]

I just rang my current life insurance provider as I noticed when I was going through some paperwork, that it still says I work( am now sahm) and I am a non-smoker( am no longer so)

Anyway rang them and explained, and they said it didn't matter as long as was true when policy was taken out.

I was a bit as obviously I am a greater risk now I am a smoker again( and we have critical illness cover).

So is what she said true, or should I pursue it further

Believe me, I know about this.

....on one of the policies I claimed, the (dodgy) broker had deliberately filled in the form incorrectly so as to claim commission more quickly. It took 7 months (and 10k to a private 'tec named Buffy the Insurance Slayer) to prove this and claim.

....I think you ARE covered, as you gave information that was correct at the time of insurance. I also think that I would ask them to send you written confirmation of this, so as to prevent any accusation of non-disclosure in the unlikely event of the policy being claimed.

Hope this is of aid.

Yes it's true.

thanks, will definately ask for written proof, it just seems weird to me

It is true they do take your health at the moment in time the policy is accepted. As for smoking again it is best to have something on your medical record through your doctor that you had stopped smoking so you can prove that was the case, but it should not be an issue.

It is on medical records already as that was the period of time I was TTC and had babies, so it is written in about a million places

small print will probably say it is your duty to disclose a change of circumstances. so send them a letter recorded delivery just so you have proof that you did tell them

Womble, why would you have to disclose a change of circmstances? If you got a cancer would you have to tell the life assurance company that? Of course not. The contract is for your health at that moment in time. As long as you have the facts to spport yourself for that time it should not be a problem.
As an aside if you stop smoking you can tell the insurance company and some of them will reduce the premium to a non smokers rate. I have known it to happen. But it does not happen the other way.

i am just saying what is normally in the small print. not a lot of point arguing with me about this!

Yes, as long as it's true when you take out your policy it's fine. If your circumstances change afterwards it's not relevant. However, if you are a smoker and quit smoking for 12 months or more, you can look at re-evaluating your policy to see if you can get a cheaper premium.