What does life insurance not cover?
Life insurance does not cover suicide or may otherwise deny benefits in the event the insured was determined to have put themselves at obvious risk of bodily injury or death. Be aware that life insurance doesn’t cover anything in the event the premium is not paid in a timely manner. Take a close look at your life insurance policy to see what is covered and consider shopping for different coverage with our free quote comparison tool below.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
UPDATED: Jul 19, 2021
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
Life insurance is supposed to be “simple”…the policy everyone understands. You pay for the insurance, and if you die while the policy is active, your beneficiary gets the money. This is most often times the case.
But there are some instances in which life insurance benefits may not be paid out in the event of the insured’s death. Let’s take a look at some more common reasons that may void a life insurance policy.
1. A life insurance policy would be voided during the discovery period, usually the first two years of the policy’s inception, if any information on the application was purposefully inaccurate. This includes misrepresentation or blatant fraud. After the two year discovery period, the life insurance company must typically pay any claim for benefits.
2. Benefits may be denied in the event the insured was determined to have put themselves at obvious risk of bodily injury or death.
3. Life insurance also does not generally provide benefits in the event of an insured committing suicide within the two year discovery period. However, benefits are typically paid in the event of a suicide taking place after the discovery period.
4. Life insurance doesn’t cover anything in the event the premium is not paid in a timely manner. Policies can be cancelled for “non pay” with a relatively short notice, usually within 10 days of a late payment, depending on the type of policy you purchased. If your insurance premium isn’t paid, you may not be leaving any benefits behind.
Get quotes online or visit and independent agent to make sure you purchase the right life insurance policy at the right price.
There are several life insurance options available in the marketplace today; including whole life insurance, term life insurance, group life insurance, no load life insurance, and universal life insurance.
You may need to consider a guaranteed issue life insurance policy if you are having difficulty obtaining a life insurance policy in the standard market.
Read more: How much life insurance do I need?