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 lie was a material misrepresentation directly related to your cause of death, within the first 2 years you are insured by the policy. This would provide for the contestability of your life insurance and the insurer may be able to deny coverage.
To learn more about life insurance, please visit
Term Life Online.
