Video — What Costs Are NOT Covered By Life Insurance?

If you've lost someone covered by life insurance, it's worth understanding what is not covered. If the covered party provided false health information on their application or didn't pay premiums, the policy may be invalid. Conditions of death matter as well. Risky behavior or activities or death in a war zone or country not covered in the policy may invalidate benefits. Coverage in the case of suicide depends on when the policy was purchased. Look up the contestable period of the policy. Their age at death has to be within the range covered by the policy. If they outlived their life insurance, there may be no benefits. Finally, if the deceased. Conflicts with the policy, the will overrides policy designations such as named beneficiaries.