Life insurance companies can refuse to pay the death benefit if it is two years since the policy was purchased, and they find that there were misrepresentations on the application. E.g. The applicant was scheduled for a spinal tap due to suspicion of cancer, but answered "no" to the question that asked if there were pending tests for diagnosis of disease.
If the health questions are answered honestly, the life insurance policy will pay, because they base their approval upon what is written on the application.
They also do not pay if death by suicide occurs during the first two years of the policy, or if there are explicit exceptions on a particular policy. E.g. Some policies will exclude payment if death is caused by piloting a private plane, but that is almost always spelled out in an amendment or rider.
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If the health questions are answered honestly, the life insurance policy will pay, because they base their approval upon what is written on the application.
They also do not pay if death by suicide occurs during the first two years of the policy, or if there are explicit exceptions on a particular policy. E.g. Some policies will exclude payment if death is caused by piloting a private plane, but that is almost always spelled out in an amendment or rider.