Life insurance exclusions

Hi, I'm shopping for term life insurance for the first time and I'm wondering what are the common exclusions applied to the cause of death. I've found a company which doesn't pay for death from a number of causes, including AIDS (even if it's not a pre-existing condition), heart attack, and a few others. Are such provisions common? thanks.

Reply to
eric
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Don't pay for heart attack? You're kidding right? It's one of the leading causes of death isn't it?

-- Todd H.

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Reply to
Todd H.

ABSOLUTELY NOT. I have never sold a Life Insurance policy that had ANY clause that allowed the Insurer to refuse to pay a claim, when the death occurred (other than suicide or suspisious death) beyopnd the Tow Year Contestable Period. The company has the right to refuse or rate up a contract at the time of issue. Then they have an additional two years within which to CONTEST any claim. AFTER that period has passed, they have no right to refuse. Kalman J. Lester CLU

Reply to
Cal

Cal, would appreciate your comments on limitations for death payouts for:

  • private pilots
  • rock climbing, mountaineering, sky diving, bike racing, etc

How common are these and are there specific carriers to deal with if you engage in those activities?

-Tad ("not that I sky-dive but I did go hang gliding once...")

Reply to
Tad Borek

All of these are considered "RISKS". Pilots, after a certain number of hours, are considered by most companies to be standard.......... Sky diving & racing are almost a no-no. No experience with mountaineering thought.

The activities you mention are not common in everyday life. However, if you have engaged in any of them in the past & intend to in the future, you would be considered a RISK.

YES, there are specific carriers that specialize in these risks, and since they write a large number of cases, they are able to lower THEIR RISK factors, and offer lower premiums.

If you are interested, contact me direct at:

snipped-for-privacy@comcast.net

Cal

Reply to
Cal

Thanks. I'll stay clear of this company then.

Reply to
eric

You are welcome

Cal Lester CLU

Reply to
Cal

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