Lying on aninsurance application could result in fraud charges, fines and evenjail time. (Photo: Shutterstock)
Considering how often the truth is stretched these days in allsorts of situations, from politics to social media, it should comeas no surprise that people lie on insurance applications,too—although the percentage of applicants stretching the truthdepends on the type of insurance they're applying for and evenwhether applicants are men or women.
According to a study from finder.com, car insurance seems to attractthe most lies, with 29 percent of applicants (10.2 million people)completing their applications with fabricated responses, whilehealth insurance comes in a fairly close secondat 22 percent (7.5 million).
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
