If I own a life insurance policy and die from cancer, will me beneficiary receive a payout on my life insurance death benefit?

Yes, life insurance policies usually cover natural death and accidental death, but not intentional acts.

If you answered all questions truthfully on the application for life insurance, the insurer should pay out a claim on your policy subject to any exclusions in your policy.

However, if you had cancer when you applied for life insurance, and you did not advise the insurance company of your health issues (cancer), then the insurer may be able to deny any claim resulting from cancer if it occurs within the first two years you are insured - (The Contestable Period).

Learn more about Does Life Insurance Cover Cancer?