Contact Us: ​(541) 779-0177​
Insurance Marketplace, Inc
  • Home
  • Quotes
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Farm Insurance Quotes
    • Health Quotes >
      • Health Insurance Quote
      • Medicare Coverage Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Enroll 2020 Health Insurance
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Online Documents
    • Free Consultation
    • Medicare Appointment
  • Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
    • Farm Insurance
    • Health >
      • Health Insurance
      • Medicare
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Vision Insurance
    • Other >
      • Event Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Group Benefits Insurance Quote
      • Insurance Bond Quote
      • Workers Compensation Quote
    • Life & Financial Quotes >
      • Life Insurance Quote
      • Annuity Quotes
      • Disability Insurance Quote
      • Final Expense Insurance Quote
    • Farm Insurance Quotes
    • Health Quotes >
      • Health Insurance Quote
      • Medicare Coverage Quote
      • Critical Illness Insurance Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Vision Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Event Insurance Quote
      • Umbrella Insurance Quote
      • Wedding Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Enroll 2020 Health Insurance
    • Policy Changes
    • Proof of Insurance
    • Policy Review
    • Online Documents
    • Free Consultation
    • Medicare Appointment
  • Insurance
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Group Benefits
      • Insurance Bonds
      • Workers Compensation
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Financial Planning
      • Umbrella Insurance
    • Farm Insurance
    • Health >
      • Health Insurance
      • Medicare
      • Critical Illness Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Vision Insurance
    • Other >
      • Event Insurance
      • Wedding Insurance
  • About
    • Staff Directory
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact

Insurance Marketplace, Inc Blog

5 Ways That Life Insurance Won’t Pay Out

12/12/2019

0 Comments

 
Picture
​When purchasing a life insurance policy, there are specific situations where the policy will not payout to the beneficiary. A life insurance policy is a contract that has fine print that you should read carefully before signing. You can't rely on life insurance for all your problems. Here are a number of instances when life insurance won't pay out its claims. 
​Suicide 
One of the common circumstances in which your life insurance policy will not pay out is when the insured committed suicide. Depending on your current situation, there is a particular time frame where suicide will prevent any payout. The insurance company will take their time in investigating whether the act of suicide is true. 

Smoking or a Health-Related Issue
This is another case where the incontestability clause plays out again. If your past smoking habits and high blood pressure have caused your critical illness, then your insurer won't pay out your claims. Sometimes, you have high blood pressure, and you didn't mention this or your forgot to mention this before signing your policy. Later, your insurer may not pay out your claims for hypertension critical illness benefit. Also, if you have bad health habits like smoking and drinking, your insurer may refuse to pay out claims on any health condition caused by these habits.

Dangerous Activities
Your insurer will not pay out claims on accidents caused by hazardous activities or sports. The list includes skydiving, rock climbing, paragliding, and other death-defying sports. If your insurer thinks that you’re not managing your risks well, then they won’t pay your claims. Manage life risks by not engaging in dangerous hobbies or lifestyle. 

Illegal Activities
If one dies while doing something illegal or in the act of committing a crime, then no life insurance company will ever make a payment. Also, if you get killed while stealing something, there's no payment for your beneficiary. Also, in any case, that you will die from a heart attack while trespassing, your insurer will deny any life insurance claim in your favor.

Act of War 
Life insurance policies may exclude an act of war. Thus, it cannot pay out claims involving deaths of soldiers during military service. It also can’t issue payouts for civilians killed in wars, including correspondents covering a news story.

Some Final Words
Your insurer will always investigate the cause of your death before they pay out your life insurance claims. Anything illegal or against the rules will result in a denial of claims. Thus, make sure that you read the fine print of your policy so that you'll know when your life insurance won't payout.

At Insurance Marketplace, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (541) 779-0177. Get your free quote today by CLICKING HERE.
0 Comments



Leave a Reply.

    Contact Us

    (541) 779-0177​
    1998 Skypark Drive
    Suite 100
    Medford, OR 97504​
    Click Here to Email Us

    Archives

    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018

    Categories

    All
    Auto Insurance
    Business Insurance
    FAQs
    Financial
    Health Insurance
    Home Insurance
    Insurance
    Life Insurance
    Local
    Renters Insurance
    Safety

    RSS Feed

Licensed in: Oregon, Washington, Idaho, California, Nevada, Utah, & Arizona


Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Insurance Marketplace, Inc​
1998 Skypark Drive
Suite 100
Medford, OR 97504
(541) 779-0177​
Toll Free: (800) 866-7791
Click Here to Email Us
Review Us

Location


Securities offered through Securities America Inc., Member FINRA / SIPC. Advisory services offered through Securities America Advisors, Inc. James Hurst, Investment Advisor Representative. Insurance Marketplace, Inc. and Klamath Financial Group and the Securities America Companies are not affiliated.
Securities America and its representatives do not provide tax or legal advice; therefore, it is important to coordinate with your tax or legal advisor regarding your specific situation.
CA Insurance Lic. #0G39542. This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed.

Check the background of this investment professional on FINRA’s BrokerCheck.
Website by InsuranceSplash