For Consumers

What's covered and not covered under life insurance?

Life insurance policies cover the person named in the policy when they pass away. The policy then pays out proceeds to the person the policyholder names as their beneficiary.

However, the policy may include the following exclusions if the policyholder's death occurs due to:

  • War (declared or undeclared), service in the military (naval or air forces, or in civilian forces)
  • Suicide (within two years from the policy issue date)
  • An airplane accident (per conditions specified in your policy)