Is it possible to make a claim for benefits on more than one life insurance policy?

Yes, in fact, you may claim as many life insurance policies as you are named beneficiary, after the passing of the person insured. by the policy.

So, if you are named beneficiary on a life insurance policy of your parent, and on a policy of your spouse, you can make a claim on the death benefits upon the passing of those people insured by the policies.

Learn more about claiming life insurance on multiple policies.
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What is the probability of a death claim being paid out on a term life insurance policy?

Actually, very few claims are paid on term life policies.

There are a few main reasons for this lack of payout on term policies, including:

• Policies cancelled for non payment of premiums.
• Term life insurance policies being cancelled by the insured's request before the term expires.
• The term expiring while the insured is still alive.
  

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When a life insurance claim is denied, it's usually because the death occurred within the first 2 years of the policy being "In Force", which is known as the contestability period, and it's discovered the applicant for life insurance intentionally lied on the application to get the life insurance coverage, or the insured person committed suicide within the first 2 years of being insured.

Once the contestability period expires (first two years), and death occurs, the life ins...

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If you own a life insurance policy you want to make sure your life insurance company will pay out any claim on your policy should you die.

But, there are several instances where a life insurance policy will not pay out a claim.

1. If your policy has expired, and you no longer have coverage.

2. If your policy has lapsed due to non-payment of premium.

3. If your policy excludes death due to your cause of death, such as, killed in a war.

4. If you lied on the application for life insurance, and the l...
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