Question: Many years ago I was treated for cancer, but now it's in remission. Do I need to disclose this when I buy disability income insurance?
Answer :
When you apply for disability income insurance, you'll be asked to complete a questionnaire to determine your eligibility. Although you don't have to volunteer information that the insurer hasn't asked for, you'll certainly be asked about your prior medical history. It's important to note that most insurers share information through a national database run by the Medical Information Bureau. So, if you ever previously applied for insurance and it was disclosed that you had cancer, the company will probably find out about it.