Term Life Insurance: Accuracy Matters!

Term life insurance accuracy is critical when applying for policies online. Ensure your family history, medications, medical conditions, and important dates are all filled out correctly before you submit your life insurance application. Providing accurate information to the life insurance company will help the underwriter assign the proper rating class to your policy. Term life insurance accuracy could save you money now and prevent your beneficiaries from trouble later. Compare term life insurance quotes below.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

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I’ve been running consistently for a while, and I recently decided to start a running journal to track my progress. I was quite surprised to see I was averaging three runs per week rather than the five or six I truly believed I was logging. I would have gone on believing I was running more than I actually was if I had not started my journal.

Thankfully, my misconception about my running schedule won’t cost me much, except perhaps my waistline. However, making mistakes about exercise, medical conditions, medications and other lifestyle factors on your term life insurance application could cost you. Providing accurate information to the life insurance company will help the underwriter assign the proper rating class to your policy. It could save you money now and save your beneficiaries trouble later.

The following are common areas for mistakes on applications.

Family History

Life insurance companies are very interested in the details of your family history. It’s an important indicator for your potential future health. You may not know the exact cause of death for a parent or sibling, especially if they passed when you were young or you did not have a relationship with them. If you’re not sure and don’t have access to the details, list ‘unknown’ on your application.


Keep a list of your medications, including their dosages, available when you apply for term life insurance. Having the correct spelling of all medications is imperative and can help avoid confusing the underwriter. For example, the medication Inderal is used for blood pressure, and the medication Adderall is used for ADHD. These medical conditions can result in very different outcomes on term life insurance applications. Also, be sure to specifically note any medication that is not taken for its accepted purpose. If your physician prescribed a medication to you for use other than what the medication is usually used for, the underwriter would want to know this.

Medical Conditions

Be as specific as possible. For example, you may list that you have diabetes. The underwriter will want to know the exact diagnosis; Type 1, Type 2 or gestational diabetes. For most medical conditions there are variations and severity levels, so strive to be as detailed as possible in your answers on the application. Also, be sure to spell your physician’s name correctly to prevent problems retrieving medical records if the underwriter needs them.


It’s not a big problem if you are off on your dates by a few days, but months and years will matter. For example, a cancer diagnosis seven years ago vs. one year ago may be the difference between a policy offer and a decline by the life insurance company. Another example is foreign travel, as many companies limit the amount of time they allow applicants to spend overseas before increasing the policy premium.

The bottom line is it’s okay if you are unsure. Simply let your agent know or state this on your application. Be as accurate as possible and disclose to the company if you are uncertain about something.

Accuracy on term life insurance applications is crucial. It can help get your policy approved at the correct rating class and prevent problems later if a claim is made. But feel free to fudge a little on your running log if you want!

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