Does Life Insurance Pay For Accidental Overdose?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Yes, if however the overdose is an illegal drug and you die within the first two years, there may be a problem.  Every Life app has a question regarding illegal drug use.  If you answer no to that question and die of an illegal drug overdose within two years, there is a contestable clause.  The insurance company will likely investigate to see if you failed to answer that question accurately.  If they determine that you lied on the application they do not have to pay the claim, they will simply refund any premiums paid.
    Answered on May 5, 2013
    flag this answer
  2. 11783 POINTS
    Contact Me
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    does life insurance payout for accidental overdose? After two years (one year in some states) without question "YES". Prior to that, during the contestability period, an insurance carrier has the right to research the insureds drug history to see if compares to what has been stated on the application. If their is a history of drug abuse and overdosing in the prior history of the insured, the claim will be contested. If there is no history, no recorded history, the claim will most likely be paid.
    Answered on May 6, 2013
    +1
    1 Thumb up 0
    +1 this answer
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>