What does life insurance cover?

Life insurance will usually pay out no matter what the cause of death. Life insurance will also pay out if you're terminally ill and given the prognosis of 12 months or less to live by a doctor. This is known as terminal illness cover.

The only circumstances where life insurance won't pay out are:

If the policy excludes certain causes of death such as suicide (although most policies will pay out for suicide after an initial period)

If you're not truthful when answering medical or lifestyle questions when you take out the policy (such as lying about your smoker status or previous illnesses)

You stop paying your life insurance premiums or die after the policy has finished.

"You choose how much money you would like to leave your family if you die. Life insurance will usually pay out no matter what the cause of death."
What does life insurance cover? What does life insurance cover? Reviewed by Admin on June 22, 2019 Rating: 5

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