Life Insurance... Legal 101

The good faith duty for the person who wants life insurance means disclosing detailed information about their mental and physical conditions and lifestyle to the life insurance company.  A failure to do so can result in the life insurance company denying payment of the life insurance amount after the person has died.  The practical result of this denial is that loved ones are left to deal not only with the pain of their loss, but the financial and legal burden which will follow.