A fifth of Australians have admitted lying to secure a cheaper life insurance policy, according to research from Australian fintech Finder.
The survey of 1,000 respondents found men (29%) were more likely than women (11%) to lie on a life insurance application.
A smoking habit was one of the biggest reasons for misleading a provider (9%), as was mental health (9%), followed by the nature of the applicant’s job (8%), alcohol consumption (7%), a pre-existing condition (6%) and hobbies such as an extreme sport (4%).
The survey also found 41% of Australians did not have life insurance, with 35% of men surveyed lacking life insurance cover, compared to 47% for women.
Of those who did not have life insurance, generation X and generation Y were the least truthful when it came to their life insurance applications, with just 57% and 55% respectively saying they had not lied on their application.
