Policy Exclusions Flashcards
1
Q
Exclusions
A
a feature of a life insurance policy stating that the policy will not cover certain risks
2
Q
Suicide Clause
A
The primary purpose of a suicide provision is to
protect the insurer against the purchase of a policy in contemplation of suicide
withing 1 year
3
Q
Aviation
A
The insurer will not pay the claim if the insured dies due to involvement with aviation, such as
a military pilot flying a jet aircraft
4
Q
War or Military Service
A
The insurer will not pay the claim if the insured dies while in active military
service or due to an act of war
5
Q
Hazardous Occupation or Hobby
A
If the insured dies as a result of a hazardous occupation or hobby, the
insurer will not pay the claim
