1. 5527 POINTS
    Marlin McKelvy
    President, Consumer Directed Benefit Solutions, Memphis, Tennessee
    Yes, but only under very specific circumstances generally involving some type of fraud by the applicant.  An example that will probably become more prevalent since the latest implementation of the Affordable Care Act and the very substantial differences in insurance premium costs that can now exist from one side of a state line to another would be where an applicant claims residence in a state with lower health insurance costs when they actually live in another state where costs are higher.
    Answered on May 5, 2014
  2. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    Yes, but only in certain situations such as you not paying your premiums (the policy would lapse) or if it's discovered you intentionally lied on the application for the coverage (fraud).

    A policy is a contract - you agree to pay a certain premium amount in exchange for coverage so when a situation occurs that is covered by the plan, the insurance company pays their portion of the claim up to the specified amounts in the policy and any remainder would be billed to you, if applicable.
    Answered on May 7, 2014
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