Is Accidental Overdose Covered By Life Insurance?
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNYes, an accidental overdose is just that an accidental death. I would however expect a full investigation to rule out suicide if the policy is less than two years in force. If the coverage has been in place for more than two years, whether accidental or intentional the claim should be paid in a timely manner. Be sure to contact the insurance carrier and ask for a short death claim form and return it with a certified copy of the death certificate.Answered on May 27, 2014flag this answer
4249 POINTSview profileGary LanePresident, Lane Independent Agency, Southern CaliforniaOnly suicide is excluded and only for the first two years. So, if it is truly accidental, and not suicide, then it would also be covered even during the first two years. After than, even if intentional, it would still be covered. The fact that it might even be an illegal drug would not change things. Thank you. GARY LANE.Answered on May 28, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The answer is yes , it is, unless the death is a result of overdosing on illegal narcotics, and your policy is one of those that state they do not pay for death resulting from the commission of a crime. They may also contest if the questions that ask about drug and alcohol use/abuse are deemed to have been falsified. In every other case, provided that the death occurred outside of the contestability period, there should be no issues. Thanks for asking!Answered on May 28, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
