Fibs, white lies, alternative facts. We all bend the truth from time-to-time, although for most of us that doesn’t include spouting nonsense from the podium of the White House press briefing room.
When it comes to finance, we’re not exactly a nation of truth-tellers. I can relay multiple stories of people who have concealed chronic conditions from travel insurers, long-term illnesses from company health plans and home repairs from household insurance firms.
While keeping quiet may not always be a bad thing (I’m thinking of the time I neglected to tell my sister that her one-year-old daughter ate cat litter while under my care), failing to inform a financial services provider of a key fact is rarely advisable. Yes, you may save money at the outset but if somewhere down the line you need to claim, it may come back to bite you.
Which brings me ‘fronting’. You’ve
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