Can Life Insurance Companies Refuse To Pay?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaIt is conceivable that a life insurance policy was issued under false pretense that may be construed as fraud. Any misstatements, misrepresentations or material omissions can constitute fraud and create the basis for claim denial. In addition, claims will be denied if suicide occurs in the first two years of the contestibility period.Answered on July 21, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.Yes, life insurance companies can refuse to pay the full death benefit if the insured person committed suicide during the first two years of the policy, or if the insured person withheld known medical information at the time of application that resulted in death during the first two years of the policy. In those cases, they would most likely return the premiums paid.Answered on July 29, 2013flag this answer
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