I'm doing some more investigation into life insurance and trying to get into some meaty questions:

I quickly interviewed a life insurance expert from Conservest over at my other site Life Insurance Interview

I am really interested to know if there are reasons why you wouldn't get your money from a life insurance company if you died.

Some of the short answers for why you wouldn't get your money is:

• You made fraudulent statements on the application
  
• Acts of war
  
• Suicide happens within two years of the policy being issued.
  

Otherwise, if you die, your beneficiaries should be paid within a week or so of your death.

LIFE INSURANCE COMPANY MUST PAY
The life insurance company must pay out the policy within the agreed amount of time.

The life insurance company can however dispute the claim for up to two years from the time of death if they suspect that something fraudlently has happened.

The thing that always runs through my mind is this: What happens if you pay on your life insurance policy for 40 years and then somehow your beneficiaries don't collect on it.

The insurance expert that I interviewed is from Canada and it is important to make note that the regulations between Canada and the rest of the world are different.

Articles from February 2006
More articles from Year 2006

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