TransAmerica-Sets Aside $for Future PayOut?

[rousemark]

I realize his is an older thread but I was researching Lieing about tobacco use and how it rela tes to fraud and claim denial past tthe contestsble period I quoted
a guy recenly a rate he told me he didnt smoke when I knew he did. I tlold him the consequences on claims Turns out he pulls out a policy and in reviewing I see that he answered No to tobacco use Policy was 37 monhs old He says well I guess that one is okay then lol My question is he is past the contestable Can they deny now? Ticked me off as it probably cost me a sale

They are not going to deny the claim now that it is over two years old.. In the old days, misstating smoking status was like misstating age, they adjusted the face to what it would have been based on the status at the time of application.

 

[GAJ638]

Good to know I was told recenty by a honcho with Columbian that they had denied a claim

pastthe contestable period due to denying tobacco use. When I asked how they determined that all I got was the type of death indicated tobacco use. So I have no details... Have not run into a case myself.

 

[m4ncsu]

Good to know I was told recenty by a honcho with Columbian that they had denied a claim past the contestable period due to denying tobacco use. When I asked how they determined that all I got was the type of death indicated tobacco use. So I have no details... Have not run into a case myself.

I don't see how they can do that after two years. Non contestable doesn't seem to lend itself to any interpretation.