I just got life insurance and I'm 22 and I pay monthly for 0,000 coverage for 20 years, and I forgot to ask what kind of death it covers, such as accidental death, natural death and terminal illness death, does anyone know? And is this a good deal?
Tags: terminal illness, insurance, term life insurance, Social Issues, good deal, natural death, Law CrimePrevious post: Red Dead Redemption - Far From Home
Next post: Dead and Gone (Orig MM Art): A Sookie Stackhouse Novel (Sookie
{ 3 comments… read them below or add one }
If you really got life insurance, then it covers all kinds of death (with the possible exception of suicide). Contrary to one of the other answer, murder by the beneficiary is covered; the murderer cannot receive the benefits, but the policy does still cover the death; it just pays someone else instead of that beneficiary.
If you got accidental death insurance, then it only covers accidental death, and nothing else.
Sometimes, someone thinks that life insurance was purchased, but it is accidental death insurance, not life insurance. Make sure that you know what kind of insurance you have.
That premium actually sounds a touch high. Its not bad, but it might be worth shopping around and seeing if you can get more coverage or a few bucks less per month.
You need to check the policy to see what it covers, but most life insurance policies cover ANY kind of death as long as you don’t commit suicide and you’re not murdered by the beneficiary of the plan just so they can collect the insurance. ANYTHING else is covered.
Good for you to get life insurance and protect your family (or future family) at that age. Too many people don’t think about it.
AT that price (you’re being robbed), it’s probably a whole life policy, that covers ANY kind of death, except those specifically excluded (typically war, suicide in the contestable period, and material misrepresentation).
You must log in to post a comment.