DEADBEAT 'Dad' and paying his Life Insurance Policy ?

[fed up]

Wouldn't it be easier for Grandmother's to get a policy and make the child the beneficiary? If she qualifies of course.

 

[rousemark]

5. The cause of death was excluded by the policy​

Life insurance policies typically have a two-year exclusionary period for suicide, so your beneficiary typically would receive whatever you paid in premiums, but not the policy's face value. So-called "suicide clauses" vary by insurer and are designed to discourage people from buying life insurance when contemplating suicide.

Another caveat: If you're killed while committing a crime, the claim might be denied.

And last, if you don't disclose to your insurer when you apply for a policy that you have a high-risk hobby, such as sky-diving or auto racing, and you die while doing it, your insurer may decline the claim.

What are the reasons a life insurance policy won't pay out?

Life insurance claim denials usually occur because of errors with the policy or a policy lapse. Keep your policy updated and accurate to avoid a denied claim.

www.insurance.com

I have never seen a life policy in TN with an exclusion exclusion for death during the comission of a crime. Can't speak to other states.

 

[WinoBlues]

Wouldn't it be easier for Grandmother's to get a policy and make the child the beneficiary? If she qualifies of course.

Good point. While the young petty criminal may be at a higher risk. Losing grandma may be a larger financial impact for the grandchild.