Term life insurance can be a valuable tool for protecting your family’s financial well-being. Especially, in the case of the primary or secondary breadwinner’s death. However, term insurance doesn’t cover everything. The answer to the question, “What kind of deaths are not covered in term insurance?” is surprisingly long. If you want to know what the coverage excludes. Here’s a look at the types of deaths that don’t qualify for a term life insurance payout.
Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.