Life insurance exclusions

#5 11-11-2006, 06:27 PM

You are welcome

Cal Lester CLU

"eric" <questermocolle[at]hotmail.com> wrote in message
news:1163270610.286406.264680[at]h48g2000cwc.googlegroups.com...
- quote -

> Cal wrote:
> > "eric" <questermocolle[at]hotmail.com> wrote in message
> > news:1163177835.426657.10450[at]i42g2000cwa.googlegroups.com...
> > > Hi, I'm shopping for term life insurance for the first time and I'm
> > > wondering what are the common exclusions applied to the cause of death.
> > > I've found a company which doesn't pay for death from a number of
> > > causes, including AIDS (even if it's not a pre-existing condition),
> > > heart attack, and a few others.
> > > Are such provisions common?
> > > thanks.
> > > ABSOLUTELY NOT. I have never sold a Life Insurance policy that had ANY
> > clause that allowed the Insurer to refuse to pay a claim, when the death
> > occurred (other than suicide or suspisious death) beyopnd the Tow Year
> > Contestable Period.
> > The company has the right to refuse or rate up a contract at the time of
> > issue. Then they have an additional two years within which to CONTEST any
> > claim. AFTER that period has passed, they have no right to refuse.
> > Kalman J. Lester CLU
> Thanks. I'll stay clear of this company then.

#4 11-11-2006, 05:51 PM

Cal wrote:
- quote -

> "eric" <questermocolle[at]hotmail.com> wrote in message
> news:1163177835.426657.10450[at]i42g2000cwa.googlegroups.com...
> > Hi, I'm shopping for term life insurance for the first time and I'm
> > wondering what are the common exclusions applied to the cause of death.
> > I've found a company which doesn't pay for death from a number of
> > causes, including AIDS (even if it's not a pre-existing condition),
> > heart attack, and a few others.
> > Are such provisions common?
> > thanks.
> ABSOLUTELY NOT. I have never sold a Life Insurance policy that had ANY
> clause that allowed the Insurer to refuse to pay a claim, when the death
> occurred (other than suicide or suspisious death) beyopnd the Tow Year
> Contestable Period.
> The company has the right to refuse or rate up a contract at the time of
> issue. Then they have an additional two years within which to CONTEST any
> claim. AFTER that period has passed, they have no right to refuse.
> Kalman J. Lester CLU

Thanks. I'll stay clear of this company then.

#3 11-11-2006, 12:49 AM

- quote -

> Cal, would appreciate your comments on limitations for death payouts for:
> * private pilots > * rock climbing, mountaineering, sky diving, bike
> racing, etc
All of these are considered "RISKS". Pilots, after a certain number of

hours, are considered by most companies to be standard..........
Sky diving & racing are almost a no-no. No experience with mountaineering
thought.

- quote -

> How common are these and are there specific carriers to deal with if you
> engage in those activities?

The activities you mention are not common in everyday life. However, if you
have
engaged in any of them in the past & intend to in the future, you would be
considered a RISK.

YES, there are specific carriers that specialize in these risks, and since
they write a large
number of cases, they are able to lower THEIR RISK factors, and offer lower
premiums.

If you are interested, contact me direct at:

Cal-lester[at]comcast.net

Cal

#2 11-10-2006, 11:18 PM

Cal wrote:
- quote -

> ABSOLUTELY NOT. I have never sold a Life Insurance policy that had ANY
> clause that allowed the Insurer to refuse to pay a claim, when the death
> occurred (other than suicide or suspisious death) beyopnd the Tow Year
> Contestable Period.

Cal, would appreciate your comments on limitations for death payouts for:
* private pilots
* rock climbing, mountaineering, sky diving, bike racing, etc

How common are these and are there specific carriers to deal with if you
engage in those activities?

-Tad
("not that I sky-dive but I did go hang gliding once...")

#1 11-10-2006, 09:32 PM

"eric" <questermocolle[at]hotmail.com> wrote in message
news:1163177835.426657.10450[at]i42g2000cwa.googlegroups.com...
- quote -

> Hi, I'm shopping for term life insurance for the first time and I'm
> wondering what are the common exclusions applied to the cause of death.
> I've found a company which doesn't pay for death from a number of
> causes, including AIDS (even if it's not a pre-existing condition),
> heart attack, and a few others.
> Are such provisions common?
> thanks.

ABSOLUTELY NOT. I have never sold a Life Insurance policy that had ANY
clause that allowed the Insurer to refuse to pay a claim, when the death
occurred (other than suicide or suspisious death) beyopnd the Tow Year
Contestable Period.
The company has the right to refuse or rate up a contract at the time of
issue. Then they have an additional two years within which to CONTEST any
claim. AFTER that period has passed, they have no right to refuse.
Kalman J. Lester CLU

11-10-2006, 09:13 PM

"eric" <questermocolle[at]hotmail.com> writes:

- quote -

> Hi, I'm shopping for term life insurance for the first time and I'm
> wondering what are the common exclusions applied to the cause of death.
> I've found a company which doesn't pay for death from a number of
> causes, including AIDS (even if it's not a pre-existing condition),
> heart attack, and a few others.
> Are such provisions common?
> thanks.

Don't pay for heart attack? You're kidding right? It's one of the
leading causes of death isn't it?

--
Todd H.
http://www.toddh.net/

#-1 11-10-2006, 06:03 PM

Hi, I'm shopping for term life insurance for the first time and I'm
wondering what are the common exclusions applied to the cause of death.
I've found a company which doesn't pay for death from a number of
causes, including AIDS (even if it's not a pre-existing condition),
heart attack, and a few others.
Are such provisions common?
thanks.

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