Asked almost 4 years ago - California
FlagMy husband was diagnosed with cancer last year. Due to his illness we were only able to open a $15,000 policy without a medical exam. But that will not be enough for me to live on for very long. Can I purchase a second or even third policy from other companies for the same amount?
Firts I am sorry to hear about your husband and wish you well. Secondly, I suspect not only would you have to disclose the other policy but except in the case of final needs (burial) insurance, travel insurance, and catastrophic injury and dismemberment insurance that the pre-exisiting medical condition would likely disqualify you from collecting. Remember, insurance companies are clever and sharp and usually don't underwrite policies that they cannot make money from. Of course you can go ahead and try to apply but just be sure to read the fine print to avoid disappointment later.
Disclaimer: The materials provided below are informational and should not be relied upon as legal advice.
I wish your husband good health and speedy recovery. Generally you can purchase more than one insurance policy. However, under the circumstances, you will have to check and see which companies will be willing to issue policies to you. You should consult your own attorney to protect your legal rights.
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