I need help with some simple questions related to insurances that I purchased. I hope that any insurance agent here can answer them, at least briefly. I have not been able to contact the insurance agent that sold them to me since he pretty much disappeared from the planet and I have never been able to contact him for years (I've tried emails, phone, work phone, etc).
So, the situation that I have is this:
I have disability insurance with MassMutual, accident insurance with Washington National, and life insurance with Metlife. I have them since almost 7 years. But ~5 years ago, I developed multiple-sclerosis (after I signed-up for the mentioned insurances). I have not reported this to those companies because of my hectic life, but also because of lack of knowledge and not being able to contact the original agent.
So, my specific questions are these:
- 1) Do I need to report my condition to the three insurance companies mentioned above?
- 2) Could they penalize me with retroactive fees for not reporting it on time?
- 3) If I dont report my condition, could they cancel any benefits if I or my spouse ever need to make a claim in the future?
Thanks a lot for helping me out.