Let’s say that tsunamisurfer has an, um, good friend who is getting to that point in life at which life insurance might be a good idea. Problem is, my friend doesn’t like to stand atop a tall building with a megaphone and broadcast everything in his/her medical file for public consumption and accidental release to his/her employer, Medical Information Bureau, a clever computer hacker, etc. etc.
The fact is, when one applies for life insurance, one must consent to the prospective insurer nosing through one’s medical files and asking lots of personal questions that may or may not be well guarded by that insurer. If the insurer discovers–within two years of the policy issuance date–that something was deliberately concealed, the policy is rendered null and void, and the possibility of getting a future life insurance policy is slim to none.
Can my friend go to a different physician, pay cash, and use an assumed name for treatment of his/her condition without that insurer finding out? In a nutshell, then, how can one “work the system” to maximum effect while minimizing the potential downside?