during my monthly life insurance training class yesterday, one of my advisors raised a concern on his existing client, a family who incepted a shield plan plus rider some time back, but not from him.

what is my advisor’s concern?

during a very recent meeting with his client, the head of the household (in this case, the husband) disclosed that at the time of application of their shield plan plus rider, his cholesterol levels were not in the normal or healthy range and his wife had raised blood pressure or hypertension which were omitted in the application form.

my comments:

without any hesitation, my advice is for my advisor to go back quickly to the family and explain that all insurance contracts are based on the principle of uberrima fides* or utmost good faith and the other on insurability.

* taken from wikipedia

Uberrima fides (sometimes seen in its genitive …