Having life insurance is important to be protected against any unforeseen situation, its function is to support the beneficiaries in the event that the holder loses his life. But it is important that you know that there are some situations in which the insurer does not make it valid, we will tell you what they are.
The first thing you should look at is the clauses of the life insurance that is contracted, which come in the contract that is signed. Although it is true that they depend on each insurer, it is important that they are clear.
We tell you when life insurance does not apply. Photo: Pixabay
The most advisable thing is to contract this type of insurance with expert people, but in general, some of the cases in which life insurance does not apply are:
1. In case of suicide
This is one of the most common restrictions, which means that in the event of suicide the insurance policy will not be paid to the beneficiaries. One of the reasons why the insurer does not make it valid is that it is not sure if it was contracted only to obtain the benefit.
2. Newly signed policy
Sometimes insurers limit insurance payment until six months have passed since the contract was signed, many times it is related to the fact that they must make sure that it was not signed only to obtain the benefit.
3. Have debts
If at the time of death the owner has a debt, the life insurance will not be paid, therefore it is important that you are up to date in this regard so as not to have any problems if you need it.
4. Death caused by a beneficiary
This is another of the situations in which the insurance could not be paid, when the reason for the death of the holder was caused by one of the beneficiaries.
The options for hiring life insurance are many, the important thing is that you choose the one that best suits your needs and meets what you need. In general, life insurance covers the death of the insured in a natural way.
Before signing a contract, everything should be clear so that you know in which situations it applies and in which it does not.
In order for you to continue being informed about this and other related topics, we suggest you visit our Insurance section.