What Does Life Insurance Cover?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance covers death by any reason (except suicide in the first two years). That is whether death occurs by accident, illness, or "old age". There may be some exclusions as death due to an act of war, or death that occurs during the act of committing a felony. Life Insurance covers a person (called the Insured), and when the Insured dies, it pays the face amount of the life insurance to the Beneficiary.
    Answered on September 17, 2013
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