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.

 

[Mike Siegal]

The insured (the deadbeat dad) will have to participate in the application process by answering the health questions and signing the app.

If he won't do that, there is no way to legally buy a policy on him.

COURTS ?

IF he's brought to court through a Paternity Suit, can the courts force him to take a blood test ? (In FLA)