Just like any other insurance policy the senior life insurance policy claims can be denied one if you do not give the right information and when the insurance found out your claims can be denied
The fact is that life insurance for seniors is priced and marketed differentlly this is because seniors have special needs and financial situations. insurance companies have strict underwriting rules when it comes to this policy and there are followed strictly.
This is why it is always good to know some of the exclusions in senior life policies. so that you know when to make your claims
With life insurance for seniors some specific causes of death might not be covered. These includes
Events like suicide and private plane crashes
When it is stated during the first two years of a policy, if the policy holder end his or her own life, there can't be a payout. But it can be after two years, that' if the holder was a private pilot.
But the payout will happen only if the if the policy holder had disclose they were a pilot at the outset.
Withholding information regarding pre-existing health conditions
When you keep away any information about your pre-existing health conditions you would be denied a claim when the insurance company finds out.
The fact is that life insurance for seniors is priced and marketed differentlly this is because seniors have special needs and financial situations. insurance companies have strict underwriting rules when it comes to this policy and there are followed strictly.
This is why it is always good to know some of the exclusions in senior life policies. so that you know when to make your claims
With life insurance for seniors some specific causes of death might not be covered. These includes
Events like suicide and private plane crashes
When it is stated during the first two years of a policy, if the policy holder end his or her own life, there can't be a payout. But it can be after two years, that' if the holder was a private pilot.
But the payout will happen only if the if the policy holder had disclose they were a pilot at the outset.
Withholding information regarding pre-existing health conditions
When you keep away any information about your pre-existing health conditions you would be denied a claim when the insurance company finds out.