Life Insurance FAQ's

Showing Tag: " overdose life insurance" (Show all posts)

Will Life Insurance Cover an Overdose?

Posted by hadley hadley on Saturday, August 17, 2013, In : Life Insurance FAQ's 

A life insurance policy may or may not cover death resulting from an overdose.

The first two years of a life insurance policy, which begins on the date of issue is called the Contestability Period.

If the overdose occurred during that 2 year timeframe, it may be investigated as a suicide.

If death by suicide is confirmed, no death benefits would be paid out, unless it occurred in a state with a 1 year suicide exclusion; such as, Colorado.

If death of the insured occurs after t...


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Does Life Insurance Pay For Accidental Overdose?

Posted by hadley hadley on Monday, July 29, 2013, In : Life Insurance FAQ's 

Yes, life insurance may pay out a death claim on an insured who died from an accidental overdose.

However, if the overdose is an illegal drug and you die within the first two years of being insured by your life insurance policy, there may be a problem. 

Every Life insurance application has a question regarding illegal drug use. 

If you answer "No" to that question, and then you die of an illegal drug overdose within the first two years of being insured, there is a contestable ...


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