Absolutely the truth can hurt and there are many instances where slightly modifying the truth can be helpful in preventing unduly hurt feelings or avoiding uncomfortable situations.
There are the stalwarts who believe that the truth must always be told regardless of the situation. The reality is that all over the world many people are telling half-truths with no adverse affects. In fact it is estimated that between 10% and 15% of adults purposely manipulate the truth to some extent.
Here's a question to chew over - Your partner wants to know if you think that they need Botox treatment for the copious amount of wrinkles that have miraculously appeared on their face overnight - if you're smart your answer will most likely be 'no' - regardless if it is the truth or not. Clearly you would rather live with the consequences of that 'half truth' as opposed to the 'fall out' from telling the truth. Here's another one - You're late to work and your boss wants to know why - if you value your job you will probably steer clear of the truth that you actually slept in because you were up late partying the night before. Instead you might offer up the 'appalling traffic' as your reason for arriving late at work. Happens all the time doesn't it?
What are the downsides of manipulating the truth when it comes to insurance? - The failure to fully disclose the information requested of you can eventuate in your policy being withdrawn or your claim being declined outright.
Consumer rights TV programs have been showing us that insurance companies are cracking down hard on any non-disclosure. The insurance company expects you to disclose all relevant information as they will rarely request further information as it is costly and slow. Therefore the decision to offer you an insurance contract is sometimes exclusively based on the information you include when completing the insurance proposal.
When a Life Insurance company is exposed to claims in the millions of dollars it is important that they can make fully informed decisions. Clients who 'forget' to disclose relevant information or simply thought that it was irrelevant, effectively undermine the ability for an insurance company to make an accurate assessment. The outcome may well be that your policy is withdrawn.
Are white lies harmful? - In relation to Insurance the answer is undoubtedly 'Yes'. Be very diligent and honest when applying for Insurance and ensure that you tell the truth.
There are the stalwarts who believe that the truth must always be told regardless of the situation. The reality is that all over the world many people are telling half-truths with no adverse affects. In fact it is estimated that between 10% and 15% of adults purposely manipulate the truth to some extent.
Here's a question to chew over - Your partner wants to know if you think that they need Botox treatment for the copious amount of wrinkles that have miraculously appeared on their face overnight - if you're smart your answer will most likely be 'no' - regardless if it is the truth or not. Clearly you would rather live with the consequences of that 'half truth' as opposed to the 'fall out' from telling the truth. Here's another one - You're late to work and your boss wants to know why - if you value your job you will probably steer clear of the truth that you actually slept in because you were up late partying the night before. Instead you might offer up the 'appalling traffic' as your reason for arriving late at work. Happens all the time doesn't it?
What are the downsides of manipulating the truth when it comes to insurance? - The failure to fully disclose the information requested of you can eventuate in your policy being withdrawn or your claim being declined outright.
Consumer rights TV programs have been showing us that insurance companies are cracking down hard on any non-disclosure. The insurance company expects you to disclose all relevant information as they will rarely request further information as it is costly and slow. Therefore the decision to offer you an insurance contract is sometimes exclusively based on the information you include when completing the insurance proposal.
When a Life Insurance company is exposed to claims in the millions of dollars it is important that they can make fully informed decisions. Clients who 'forget' to disclose relevant information or simply thought that it was irrelevant, effectively undermine the ability for an insurance company to make an accurate assessment. The outcome may well be that your policy is withdrawn.
Are white lies harmful? - In relation to Insurance the answer is undoubtedly 'Yes'. Be very diligent and honest when applying for Insurance and ensure that you tell the truth.
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