When Will Life Insurance Not Pay?
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63333 POINTSview profilePeggy MaceMost of the U.S.If you filled out your life insurance application as thoroughly and truthfully as you could, you did not commit suicide or get killed in an act of war during the first two years of taking out your policy, and you didn't die from something specifically excluded by your own policy (e.g. flying a private plane), your policy will pay.Answered on November 11, 2013flag this answer
5877 POINTSview profileStan Cox IIInsurance Adviser - Broker, SC Insurance Services, Oahu, HawaiiLife insurance will not pay a claim for death by suicide if the suicide was committed within 2 years of the anniversary date of the policy. After that it will. Life insurance will not pay a claim if it can be proven that the policy was obtained based on deliberately fraudulent information such as the insured / applicant knew at the time of applying for the policy that they had a terminal disease and somehow was able to keep pertinent medical records from the underwriter, or other misrepresentations intended to defraud the insurance company.Answered on September 2, 2015flag this answer
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