Archive for the 'Life Insurance' Category
Life Insurance Policy Rescinded
A business executive was answering questions for an application for a $3 million life insurance policy that named as the beneficiary a company be had started with others. He answered in the negative when asked the common question as to whether he “[e]ngaged in auto, motorcycle or boat racing, parachuting, skin or scuba diving, skydiving, or hang gliding or other hazardous avocation or hobby.” In fact, on about 20 occasions, the executive had gone heli-skiing, which involves skiing down remote mountain trails after being dropped off by a helicopter. Read more
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