Medicare Supplement Store Blog
Having life insurance has many benefits. One is to protect the policy's designated beneficiaries from the risk of losing financial support after passing away unexpectedly. However, certain exceptions can prevent the beneficiaries from receiving a payout.
An arrangement between a policyholder and the insurance company, wherein a life insurance policy is paid by the insured. The insurance company offers a payout for the beneficiaries once the insured passes away in return for the paid premiums.
Coverage of Life Insurance
Life insurance provides the payout for most death causes, such as disease, accident, or natural causes, including COVID-19.
Life Insurance Exclusions
An omission from life insurance precludes the recipients from receiving the payout. It suggests that there are exemptions in the coverage of life insurance. However, insurance providers can determine the exclusions that will be included in their policies. Here are some exclusions that are not covered unless agreed upon with the insurance provider:
Life insurance will offer a useful financial safety net. Policies usually include losses due to natural causes, sickness, and injuries. Still, in some cases, insurers may withdraw benefits. Make sure to read your policy to be informed on what is covered and what is not.
At Medicare Supplement Store, we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (732) 252-8828 or Click Here to request a free quote.