Why does my insurance want my bank statement?

Why does my insurance want my bank statement?

Most policyholders are usually taken back when the insurance company asks for copies of their income tax returns, bank statements, bills, and other financial records. … The answer generally depends on whether the failure to comply can be viewed as a violation of the duty to cooperate that the insured owes to the insurer. Nov 13, 2018

See also  Can I buy life insurance with pre tax money?