What Does Life Insurance Typically Cover?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WILife insurance is intended to provide some monetary assistance in the event that the insured passes away while covered. Life insurance is typically meant as a way for the family of the insured to be financially capable of moving on after the loss. The funds from the policy are intended to help provide for those things that could have possibly been provided (i.e. pay off debt, pay for college, etc...) by the insured if the insured had not passed. This is a very limited explanation of life insurance, contact a local agent to discuss your wants and needs with this type of coverage.Answered on September 20, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Life insurance covers the death of the insured person, by making a payment to the beneficiary or beneficiaries named on the insured person's policy. The death is covered whether it is caused by illness, injury, or "old age". Even suicide is covered in the later years of the policy.Answered on September 20, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAlthough called “life insurance,” it actually covers the loss that occurs at death. It may have supplemental riders that would also include benefits if you become disabled but the basic benefit is at your death. The policy is designed to help those that you love cope with your death. It is the sincerest way that you can say, “I love you.”Answered on September 24, 2014flag this answer
5877 POINTSview profileStan Cox IIInsurance Adviser - Broker, SC Insurance Services, Oahu, HawaiiLife insurance is designed to pay a determined benefit amount upon the death of the insured. Any cause of death is typically covered except suicide within the first two years of the policy. If it can be proved that fraud was committed in obtaining the policy then only the amount of premiums paid will be returned to the beneficiary.Answered on August 5, 2015flag this answer
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