New answer on: Will Life Insurance Cover An Overdose?

By: Peggy Mace

Peggy Mace — Fri, 16 Aug 2013 15:25:56 +0000

Life insurance will cover an overdose if the overdose was not due to suicide during the first two years. If there was an undisclosed drug, alcohol, or mental health problem when the applicant filled out the life insurance application, and if death occurred during the first two years of the policy, the death benefit could be contested. If everything on the application was forthcoming, there should not be a problem.

By: Steve Savant

Steve Savant — Fri, 16 Aug 2013 11:55:00 +0000

The first two years of a life insurance policy, which begins on the date of issue is called the contestibility period. If the overdose occurred during that time, it may be invested as a suicide. If suicide was confirmed not benefits would be paid. If it occurred after the contestability period and no criminal activity was connected to the death, then the claim would more than likely be paid.