Should I Take An Exclusion For “Risky Activities”?

font-illustration-letter-q_MJMrdDjdEvery life insurance policy that I’ve looked at required an answer to the “risky activities” question; even if they didn’t ask in the initial forms, they asked it later on. I chose not to lie and was denied coverage when I applied. The best offer I’ve gotten is a policy with an exclusion for the risky activity, rock climbing. Should I take the policy? Could I have refused to answer the question in the first place?

font-illustration-letter-a_z1zZ_wsOIf you need coverage now, you should take the policy with the exclusion. This way, you will be sure to provide for your dependents. In the meantime, you can shop for a company that will price you reasonably without an exclusion. They do exist. Under all circumstances, you should go through full disclosure. This will strengthen your credibility, and avoid problems at the time of claim.

[Tweet “Under all circumstances, you should go through full disclosure.”]

View my answers to previous questions on this blog and on Quora.

Over my decades in the business, I’ve been asked all kinds of questions about life insurance.

You name it – on issues ranging from application strategy to the risk profile of drug running to the insurability of AIDS to the philosophy of insurance itself – I’ve been asked it, by clients and by curious consumers.

Do you have any questions about life insurance?

I’m happy to help answer them.

There are two ways you can ask me a question:

#1. Ask a Public Question via Twitter – New!

If you have a short question, you can use the Tweet button below. I’ll answer your question via Twitter in 140 characters or less (or post a link to a more in-depth answer on this blog).

#2. Ask a Private Question via Secure Form

If you’d rather not ask your question publicly, please feel free to use the form below. I will respond via email and won’t share your information with anybody, without your explicit permission. If I think that other life insurance consumers could benefit from reading your question and its response, then I will ask you if it’s okay to share a modified version (personal details changed) on this blog.


Want to learn more?
Read my free guide, How To Get Great Life Insurance Rates and learn how you can get life insurance companies to compete for your business, at no risk or extra cost.