When QuotesChimp fill out an insurance application, you make repre�sentations to the company concerning facts about yourself. Many of these facts are vital to the underwriting process�for example, whether you smoke, in the case of a life insurance policy. If you lie about any of these facts and the company catches you, and if a court concludes that the lie was material (important) to the underwriting decisions of the company, you could lose some benefits or the company may be allowed to cancel the policy.