What Does Basic Life Insurance Cover?
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63333 POINTSview profilePeggy MaceMost of the U.S.Basic life insurance covers death by any reason. The cause of death can be due to a precondition, but the policy will still pay (as long as that condition was noted on the application, if it existed at the time of application). It also covers death by accident. The only exception is suicide in the first two years.Answered on May 2, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaBasic life insurance protects those that you love. Premature death is terrible. Life insurance can step in and pay-off the mortgage, supplement your spouse’s income, buy the kid’s braces for their teeth and send them through college. For you, life insurance covers your need for peace of mind.Answered on May 20, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Your basic life insurance policy will cover any reason for what may cause your demise. Something like an accidental death policy isn't so good, as you have to pass from or as a result of, an accident. So you have a heart attack - your life policy would pay, your accidental death policy would not. You get bitten by a spider, have an allergic reaction, and meet your maker, life pays, accident doesn't. You get into a car wreck, both would pay. I hope that helps, thanks for asking!Answered on September 17, 2014flag this answer
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