Key exclusions under term assurance policy

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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.

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