Lat year around February I took out a life insurance policy for my 25 year old daughter that has a rare lung disease. I searched the internet and was contacted by an agent that sold for severalcompanies I explained to him what my needs were, he said he would get back to me, he found HSBC (new york) doesn't cover lung dfiseases but hers was listed as one that they didn't cover so I purchased it at around $50 amonth well in december my mother was asking questions about the polic so my daughter called HSBC and inquired to verify that the policy would be paid out if she was to pass away, and at which time they said "no" we don't pay if you have a lung disease so I called and told them that the representative told me it was one that was not listed so the went back to review and no it is not covered and we told them about it, so basically they stole a years premiums for entire year. I provided proof, and they told me sorry about my luck !!!