1. 1615 POINTS
    Ryan AndrewPRO
    President, The Andrew Agency, Richmond, VA
    Yes. If your Life insurance policy has been in force for 2 years or more the policy will pay out for any cause of death. If the policy is less than 2 years old as long as the application was answered truthfully and there was no fraud the policy will still pay out for an accidental overdose.
    Answered on April 11, 2013
  2. 63254 POINTS
    Peggy MacePRO
    CEO and Senior Agent, Outlook Life, Inc, Most of the U.S.
    Yes, life insurance does cover accidental overdose. If the policy was purchased less than two years prior to the overdose, the insurance company will investigate to see if it was truly accidental. And if the overdose was due to items not disclosed on the life insurance application such as illegal drug use, dementia, depression, or medication, the life insurance company may contest the policy. For policies over two years old and policies that offered full disclosure, accidental overdose is a covered event.
    Answered on May 5, 2013
  3. 63254 POINTS
    Peggy MacePRO
    CEO and Senior Agent, Outlook Life, Inc, Most of the U.S.
    Life insurance will pay for accidental overdose. If death occurs during the contestable part of the policy (the first two years), the life insurance company will review the application, underwriting, and medical records to make sure that a drug problem was not hidden at the time the deceased person applied for life insurance. If it is found that the Insured person did not admit substance abuse or diagnosed mental instability when applying for insurance, the policy claim could be denied. However, if lying or omission did not occur, the benefit should be paid.
    Answered on November 4, 2013
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