Life Insurance Policy Exclusions

Are there exclusions on a life insurance policy?

This is an important question because life insurance has no standard policy, it may vary by insurance carrier.

Life insurance policy terms, prices, and exclusions may vary widely by life insurance company.

But in general, life insurance companies are in the business of offering insurance coverage to as many customers as possible, not turning business away, so they do find ways of providing coverage, but limiting their risk through the use of exclusions, when needed.

Many high risk activities such as scuba diving, race car driving and mountain climbing that might have been excluded in the past are often accepted for an additional premium.

Even people who have some chronic health issues may find life insurance coverage available if they’re willing to pay more.

Most life insurance companies have a suicide exclusion, though, for the first year or two the policy is in force. The length of the suicide exclusion depends on the law in your state.

Learn about life insurance for high risk people.