life insurance with lyme disease

One thing I was wondering about it, does it make sense to by 4 small plans for 250k each. I wonder if they'd be less likely to give you a hard time about the disease if the risk was smaller for them.

Why bother telling life insc, since most health insc doesn't believe in it anyhow. Any life insc should be fine.

Life insc is for remaining family to cash in when one dies. But, in case of lyme death (rare), the death is from whatever body organ failed, not lyme itself. A lyme stroke or heart attack will be listed as cause minis the lyme part.

Ex: When kemo recipients die from a heart attack (not uncommon), its listed as a heart attack, not from kemo or cancer.

That's a good point. I thought about that. The CDC's official stance is that Lyme is hard to catch and easy to treat, so it's barely a problem at all in the eyes of the CDC.

My only reservation about that is if they insurance company found out that you did have Lyme, and you didn't report it, I wonder if they'd weasel out of payment somehow. For some reason, I'm highly suspicious of insurance companies. I just don't see them settling claims and forking over money without a fight. If they found out you had Lyme and didn't report it, I wonder if they'd say sorry, the contract is no good. We're not going to pay you.

Some points:

Chronic lyme does not exist per CDC. Thats what matters. And if you had lyme it doesnt kill you per CDC.

**Long term disability might be a diff story and many times one needs an attorney to get the $. **

But life insc is for death. Once your dead, doesnt matter, they have to pay. Think of all the people who die of regular causes.

Do cancer patients call ahead of time and say "Mr insc man- "FYI - I might die from cancer""? No they dont. And the family still gets the $, cause they died.

People dont update their life insc as they age- and family still gets the $.

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Depending on the insc company (for ALL/ANY insc) you never know how much fuss you need to give them before paying out even when all your t's are crossed. Health/car/home ect. I've had perfect home insc and was denied for something, that should have been covered. They took a gamble on me cause they new it was not enough to cover attorney cost. I dropped them and contacted the state att general.

Most of us never go thru this, but: I had to threaten an insc company agents office from a drunk driver case (his customer car hit mine)that would not pay my auto body bill based on a technicality as an excuse..

Had no choice but to put on a "show", raised he// with people all over the place, and had the local news paper on cell phone dial..............he then wrote a check to me and the car shop on the spot. Done deal. Some of them hope you have no ba//s and will walk away - for real. Even good companies can pull this. They do this to "tornado towns" too.

Post Edited (astroman) : 11/4/2017 3:23:07 PM (GMT-6)

I think they make you report it, because from their perspective you're a higher risk case, and therefore they can charge you more. Or, they could say, if they had known you had xyz, then they wouldn't have covered you in the first place. I've heard of cases where people said they didn't smoke on the life insurance policy, and then they die from cancer, and then insurance company researches the case, finds out you did actually smoke, and they refuse coverage. I think these insurance companies have teams of 'detectives' who will research your case and try to wiggle out of payment any way they possibly can. One of those, "oh, you didn't read the fine print' deals.

Yes, you have a point astroman. It's definitely a grey area.

Thanks Pirouette,

I found some good videos online about life insurance:

https://www.youtube.com/watch?v=Pu0NLUtW6Rs

https://www.youtube.com/watch?v=TYp3opVcy4c

I'm going to call the accuquote place and try to figure out how to purchase some life insurance. I am on the fence about whether I should purchase 4 different policies at 250k each, or purchase on 1mill policy. It will have to be a policy that I can afford to pay each month, because, like the guy says, you only win the game of life insurance if you die with your policy still intact, which is probably trickier than it sounds.

That's probably also one of the reasons that the rich purchase life insurance. They have plenty of money to pay it every month. Unlike people like me, who have to work for their money, and may become unemployed at some point and find myself with no money to pay for life insurance.