Can life insurance refuse to pay? Failing to reveal this habit could see claim REFUSED

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“If you have concealed your habit from the insurer, the policy is then unlikely to pay out' WARNING on why a life insurance pay out may be refused

Life insurance policies can mean dependant adults or children have some financial security upon the policy-holder’s death. But, it may be that an insurance provider refuses to pay out, should the individual have been a smoker, but had not told the insurer. According to research by Money Super Market, the cost of a life insurance premium could be 50 per cent more expensive for someone who smokes.

 

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