Key exclusions under term assurance policy

0
323

There are several events that are not covered under term assurance. Practice varies between life offices but some policies will not pay out in the event of death caused by:

  • Intoxication by alcohol or drugs.
  • War or terrorism.
  • Suicide or self-inflicted injures.
  • Gross negligence or reckless behavior.

Typically, suicide will be excluded for the first one or two years of the policy only.

LEAVE A REPLY

Please enter your comment!
Please enter your name here