Does Life Insurance Cover Drug Overdoses?
Will life insurance payout when the insured died due to accidental drug overdose or alcohol poisoning? Sometimes.
Claim Denials & Disputes
Can a Life Insurance Claim Be Denied for Drug Use?
Yes, but drug use by itself doesn’t cancel a life insurance policy. When an insurer denies a claim because of drugs, the denial almost always rests on one of three things: the drug use wasn’t disclosed on the application, the death happened during the two-year contestability period, or the policy has a specific exclusion the…
Life Insurance Payout Denied After Contestability Period
Life insurance is a contract between the insured and the insurance company. For a contract to be legally enforceable, both parties to the contract have to agree to the same things. For example, if an insurance company believes it is providing insurance for a non-smoker but is really insuring someone who smokes a pack a…