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Life Insurance - nonclaimable situations..?

Term Life Insurance & Whole Life Insurance Discussion

Life Insurance - nonclaimable situations..?

Postby ludwik » Wed Mar 06, 2013 7:59 pm

Is there any financial help (to any extent) can be received by the family of an insured if he/she dies in terrorist attacks, war, or floods??

Any insurance company that covers in any of their polices the above stated situations??

Thanks.
ludwik
 
Posts: 457
Joined: Sat Apr 02, 2011 2:43 am

Life Insurance - nonclaimable situations..?

Postby montrelle » Wed Mar 06, 2013 8:04 pm

Read every exclusion possible in the policy.

From my experience, the insurance company is going to try and wiggle out of ANY sort of payment on ANY policy. They have to be that way in order not to get scammed and stay in business. The application process is the most important. If you leave out the tiniest little medical detail... you may have voided the policy if something goes bad later on... but you will have paid all the premiums... doesn't matter.

For example... "An act of God" isn't covered in many policies... well, uuuhhh... if you're really religious, I guess God does everything, so the policy covers NOTHING! Think about that.

Insurance companies care about one thing, the money they take from you. Nothing else. They are not your friend. Make SURE you get everything in writing, and it's to your satisfaction, and if you're not sure, have an insurance lawyer look it over for you. It's worth it, because you will find that many of these policies are indeed... worthless.
montrelle
 
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Joined: Fri Apr 01, 2011 10:58 am

Life Insurance - nonclaimable situations..?

Postby woody » Wed Mar 06, 2013 8:24 pm

Life insurance does cover death in floods . . . workers compensation covers death in the course of employment. Regarding war, the government has limited life insurance in place for military personnel that die in war.
woody
 
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