Will the company refuse to pay if you die?

A lot of people still have doubts on signing up for a life insurance policy because they don’t trust such programs. You have to keep in mind that an insurance policy is a legal contract between the insurer and the company. The law requires every insurance company to pay what is stated in the policy in harmony with the policy provisions. Majority of the policies have a two years giving period that determines if they can refuse payment for material misinterpretation of facts or fraud. A lot of policies exclude those who committed suicide in the first two years of policy.

This entry was posted on Thursday, May 15th, 2008 at 5:03 pm and is filed under Guide. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.