Life Insurance Application Requirements

Summary

Providing accurate personal information, including marital status, is generally required for life insurance underwriting. False information can lead to policy cancellation or claim denial. Insurance companies must respect privacy laws, but policy owners may access certain information on the application. Consult New York Life for specific details.

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My parents are taking out a life insurance policy in my name from New York Life where they are the beneficiaries. Do I legally have to provide my marital status on the application?
Are you the insured or the policy owner in this life insurance policy?

General Information:
- For life insurance applications, marital status is typically required for underwriting purposes.
- New York Life's contact: *-*-*-*.
The insured
As the insured, you're generally required to provide accurate personal information, including marital status, for underwriting purposes.

- Rule: Providing false information can lead to policy cancellation or claim denial.
- New York Life's contact: *-*-*-*.
Will New York Life tell my parents I'm married if I say yes on the application?
New York Life, like other insurance companies, is bound by privacy laws and typically wouldn't disclose personal information to third parties without consent.
If I say married to the marital status question, will that be viewable by my parents?
As the policy owners, your parents may have access to the information on the application, including marital status.

- Rule: Insurance companies must respect privacy laws but policy owners may access certain information.