Life insurance exclusions

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

-- 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

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...")

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

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

You are welcome

Cal Lester CLU