Why does an insurance company need to know my net worth before it grants me life insurance?

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Why does an insurance company need to know my net worth before it grants me life insurance? I can understand why they want to know a bit about me, especially with regard to health records. However, this insurance company wants to see bank statements. My point of view is that the only important thing moneywise is that I can pay the premiums or my insurance will lapse. I am new to this so I would be interested to hear from someone more familiar with the life insurance game. Related

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who provides the cheapest car insurance for a lad age 21 in the UK Can I cancel my auto insurance because I am leaving the country for 3 months? I am leaving the USA for 3 months so I was wondering if it would be possible to cancel my auto insurance for these months and not pay the monthly premium. I will not be driving the ...show more Health insurance? who knows of good health insurances that would be affordable and good and who cover pap smears practically im in search of one but cant find the right one i really need it asap someone help thank you! Can I get car insurance for my two cars by alternating every six months? I have a small, compact car that I drive in warmer weather and a pickup truck that I drive in winter. (I live in WI). Can I get insurance on my car for 6 months, then my truck for 6 months, and keep alternating like that without having to get a new policy every 6 months?" Do I need car insurance If I am not a driver? I own a car. The title is in my name, but I will not be a driver of it. My boyfriend will be the driver. Do I need insurance if I'm not driving it even though it's in my name? Or would I need a special insurance, and if so, what would I need?" Why does an insurance company need to know my net worth before it grants me life insurance? I can understand why they want to know a bit about me, especially with regard to health records. However, this insurance company wants to see bank statements. My point of view is that the only important thing moneywise is that I can pay the premiums or my insurance will lapse. I am new to this so I would be interested to hear from someone more familiar with the life insurance game. Insurance - Please help!? I am looking at getting a new ro roof for my large two storey house. My house is located in a central business area where I have high foot traffic and a busy road only metres away. Due to the height of the roof there will be scaffolding errected around the parimeters and I am concerned and the legal problems if someone gets hurt or other property damaged. I have to be concerned for the builders, my neighbours property, pedistrans and cars driving by. I have tried searching for insurance but cannot find any. Does anyone have any ideas??" How much is car insurance for a 16 yr old girl in FL? i want a car, something sporty but it can also be 4 dr too. =]"


Does my Company car insurance cover me to drive other insured cars 3rd Party? im insured fully comp to drive my company car, so because i am fully comp does this mean that i am insured to drive 3rd Party any other car that is also insured Fully Comp?(not in the company)" What kind of car could i buy under around 4200 and is a cheap on insurance but is fast ? What kind of car could i buy under around 4200 and is a cheap on insurance but is fast ? Car insurance rates go up after accident? Ok, so this is really stupid in my mind. But I got rear ended the other day, and it was obviously the lady's fault since I was waiting at the stop light and she hit me. Anyways, the damage was minor. There was a hole from her screw/bolt that held her front license plate and part of my rear light got cracked. Anyways, she offered to pay us 350 after we got 2 estimates saying it would cost around 700 to paint by bumper and replace the light. she and I were fine with that since my bumper already had noticeable scratches on the side and her damage wasn't that major. But my dad (I'm 19) wanted her to pay 400 or tell her to report it to her insurance. So I thought this was ridiculous since he would have pocketed the 400 instead of fix it (like I said, it was a small hole in the bumper...).So now, I am worried that my insurance will go up. I am a college student, a guy, and a teenager which I feel like would raise my rates, a lot, but he reassures me that our rates won't go up since the lady's insurance will pay for it and that we arent claiming our insurance. So what happens now in the insurance process? All I know is that she has to call her insurance and they send an adjuster to assess the cost of the damages made to our car. Do we have to report it anytime to our insurance company? If not, is there a chance that our insurance company will find out and raise our rates?" How much would the insurance cost for a high dollar sports car? Like a $400,000 Lamborghini Murcielago or a $500,000 Chrysler ME 4-12? A little vague, but what would a ballpark amount be?" How does the affordable care act apply to me? Right now, I live with my Mom and she earns about $120000 per year. I work and earn about $22000 per year." How do I get health insurance for my unborn child? I'm 17 and I'm due the 13 of September. I have insurance through my dad but my baby won't be covered. My parents make too much for any type of government assistance. I need my baby to have health insurance before we go to the hospital but I don't know how to achieve that. Best health insurance for single young adult?


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Why do liberals keep referring to the new health insurance system as affordable? ? I work on film crews. It an be a long time between movie projects, so I deliver pizzas between crews instead of going on unemployment like many of my film crew buddies. I also own some crappy land, which I inherited, that won't sell. It's just sitting there on the market, screwing me out of qualifying for anything and everything my tax dollars are used for in the way of entitlement funding. I live in a travel trailer. As soon as I have to start paying an upwards of $200 a month for health insurance that is only going to go up, up and up now that pre-existing conditions must be covered, I'm going to have to move into a tent. What part of this is affordable?" What are good insurance companies for young drivers? I've used comparison sites and the cheapest quote was 850, Aviva was 690 are there any other good companies that offer cheap insurance to young drivers? I do not want one of those box things. I'm 20, held my licence for 20months and have 1y no claims." If my gf and i have full coverage car insurance but not by the same company? me and my gf have full coverage car insurance on our cars, but we have different car insurance companies. would she be able to drive my car as well as i drive her car? If we were to get in an car accident will our insurance cover it? even though we are driving different cars?" I am currently finishing my prerequisites to get into nursing school and I am interested in the different...? I am almost done with the prerequisites and the huge waiting lists for ALL nursing schools...state and community college...are scaring me. I started to look into the trade schools that offer the RN programs and I know they are more expensive but I was wondering if employers look at them differently. If I decide to go to a trade school I wonder if it will be a disadvantage. Could anybody please give me advice. Thank you. My insurance is running out? I am 19 years old and my insurance is running out in two days because i have a job and are not going to school. I have a pretty bad medical history of anxiety problems and low immune system. When i was younger i was in the hospital every year for something like phneumonia or stomach virus of strep throat. I have agoraphobia pretty bad. It is very hard for me to go to wal mart and i cant travel out of town because my anxiety kicks in. Now my insurance is going out and i don't know what to do. Its driving me crazy. Any suggestions to a way of getting medical care for cheap without all the thousands of dollars in bills would be greatly appreciated.Thank everyone so much for answers:) How can I get the lowest car insurance payment? I am 25. I want to buy a cheap car with one way insurance. thanks a lot Companies and their insurance for employees?


A company I work for has insurance. I have very expensive medicine and the insurance would pay most of it. my question is IF I GET THE INSURANCE WILL THE EMPLOYEES OF THE COMPANY I WORK FOR AND MY BOSSES KNOW WHAT I USE THE INSURANCE FOR? WILL THEY KNOW WHAT MEDICINES I TAKE THAT THE INSURANCE PAY FOR? How much should i be paying for car insurance? I'm a 18 yr old male...driving a 94 Pontiac Firebird. How much should i be spending? appreciate the help. [ my GPA is 3.6 if that has anything 2 do with it] Best health insurance for single young adult? I am looking for a decent health insurance plan that will not cost me and arm and a leg but will still give me good coverage. I am self employed (a cosmetologist) so obviously my company does not supply it. I want it to cover health and dental. Any suggestions? Need Advise On Car Insurance? On Friday Fed. 12th I bought Me a good Used car. I had to park on the side of the street cause my neighbors from downstairs had company and were in my spot. when I woke up on Saturday morning my car was wrecked in the front and the other vehicle no where in site well except for the trail of car fluids that led to his car three blocks away. the police came got his info and mine, towed his vehicle, advised me what I needed to do and left. I found out on my own that the insurance that the police had was false info. I was pissed. Well low and behold the owner of the car came to my house that same evening and was like my car was stolen and all this other bs. He gave me his correct insurance papers and said he would report it to claims. He never did I had to on Tuesday. His insurance knew nothing of the matter. I filed my claim with them and they said it would be 24 to 48 hours and they would get in contact with me. Nothing yet.. Im still waiting for them to call me. What should I do now???????????" Which Of These Cars Has The Cheapest Insurance ? For a first time, 17 year old driver ? Vauxhall Corsa Fiat Punto Daewoo Matiz Ford Ka Ford Fiesta Rover 200 Renault Clio Ford Puma Thanks, I will choose a best answer aswell Any help appretiated =)" Health Insurance N. Florida? Health Insurance CHP (Capital Health Plan) Tallahassee FL is diagnosing me? Why did my health insurance company contact my primary doctor after a hospital visit? After a recent visit to the ER due to a esophageal stricter which scared us thinking Chest pain! Spent 16 hours being observed and tested! Finally send down to endoscopy for a esophageal dilation! Did the job!! I was sent home 4 hours later! Now two weeks later I get a phone call from my Primary care Doctors office manager saying that my primary received a memo from my health insurance (after my ER visit) company and I was instructed to call and make an appointment for alcoholism counseling???? The night of the incident where I couldn't swallow, and was in pain! we had guests over and had a few beers! I gave the attending ER doctor all


information including I had drank beer an hour before I got there. OK, now, For the 16 hours at the hospital and the multiple blood tests, everybody including the Dr's said everything looked good! and the Dr. that discharged me explained to my wife in detail about my blood work, said things were fine. So, why would my CHP (Capital Health Plan) health insurance company be contacting my primary? Especially about alcoholism counseling, this has NEVER been an issue in the past! I'm so upset! I've been with my primary for over 15 years and due to a knee injury he prescribes me mild pain killers, and Florida Law makes him take a urine sample every 3 months! Again this has never come up. Is this normal for an insurance company to do??? I'm so upset!!!!" Cars that have cheap insurance? im 18 and just passed my driving test, but unsure of what car(s) are cheap on insurance and road tax, is there a site i could go on to find the information i require?" How much would the car insurance cost for a 2006 ferrari f430? for a 25 year old I need a knee surgery? if i get medical insurance. it will cover the 5500 i need? my question is when i get interviewed for insurance, should i not tell him about the bad knee so they will take me? i know the surgery will help and i can just wait a month and say i had a sporting accident?" How can i make my car insurance be less? hey guys how can i make my car insurance go lower and be less ? Allstate and state farm refused to insure me.. Who will? I have 3 accidents and a ticket in 8 years of driving (oops) and all state and state farm refused to insure me... Does anyone know who is out there who will? Does anyone know of any good and affordable marriage counslers in york pa? My husband and I desperately need marriage counseling before it is too late. We are very poor and can't afford much. Does anybody know of someone good and affordable? My health ...show more Where can I find affordable homeowners insurance? I have homeowners insurance with Alfa but they are not going to renew my policy because I do not have car insurance with them......I don't have a car. Why does an insurance company need to know my net worth before it grants me life insurance?


I can understand why they want to know a bit about me, especially with regard to health records. However, this insurance company wants to see bank statements. My point of view is that the only important thing moneywise is that I can pay the premiums or my insurance will lapse. I am new to this so I would be interested to hear from someone more familiar with the life insurance game.


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