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Life insurance would not pay out if the policy lapsed and there was no extended term benefit on the policy. Also, if a policy is terminated for non-payment or you simply cancel coverage, a death benefit is not paid.
If you commit fraud, a felony or another similar act, the insurer will certainly contest the claim.
President, Lane Independent Agency, Southern California
If you commit suicide within the first 2 years of coverage, insurance will not pay. Otherwise, failing to pay the premium on a term policy will be a reason. With permanent policies, such as EIUL from PFA, missing a payment will not cause a the co not to pay, so long as you have accumulated cash value to cover it. GARY LANE, garylane@cox.net.714 422 9616.
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If you commit fraud, a felony or another similar act, the insurer will certainly contest the claim.