Friday, April 2, 2010

If a man dies in jail or gets put to death, does the insurance policy still pay?

Usually, there's an exclusion, for judicial action - so if he's executed, it won't be covered by the life insurance policy.

But if he dies from some other cause, the life insurance may pay out to the beneficiary.

You may want to review your life insurance policy terms, conditions, and all exclusions pertaining to the coverage.

In addition, you can ask your life insurance agent and insurer to give you a written answer regarding your questions about the coverage provided by your life insurance policy, and reasons it may not pay out.

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