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View Full Version : Should you just let them know and take your chances?


rcbusiness
Apr 20, 2014, 12:39 PM
If you found out you had less than 6 months to live, and the only life insurance you have is through your company of 25 years, what is the best way to handle it? Should you stay quiet until you just die, for fear the company will fire you and prevent you from getting the life insurance?

Should you just let them know and take your chances. There is a family of 5 involved with HIGH debt. Thanks.

ma0641
Apr 20, 2014, 01:19 PM
That's a pretty poor company that would fire you for that reason, particularly after 25 years. They are paying your medical bill?

tickle
Apr 20, 2014, 01:23 PM
What were the conditions on your life insurance policy, and what conditions did you have at the time you took out the life insurance policy.

There is no divergence answering us. No complications, just wanting more information so we can help you a little further with this.

rcbusiness
Apr 27, 2014, 01:18 PM
What were the conditions on your life insurance policy, and what conditions did you have at the time you took out the life insurance policy.

There is no divergence answering us. No complications, just wanting more information so we can help you a little further with this.

I GUESS it's a company life insurance policy. If you retire you take over the current rates to keep it in force. Otherwise if your fired or quit its lost. its been open since 1998. No physical required with hire.

talaniman
Apr 27, 2014, 01:31 PM
Read your policy carefully and unless they expressly require you to notify them, why would you? What if your medical prognosis wrong? I can understand your concern, but jumping the gun isn't in your interest.

A far as I know, there is no obligation to even supply your life insurance carrier/provider with medical data one way or another.