What Types Of Death Are Not Covered In Term Insurance

Canadian Lic30 Jan, 2025Finance

A Term Insurance Plan in Ontario, Canada, provides financial protection, but certain deaths may not be covered. If the policyholder dies due to suicide within the first two years, the claim may be denied. Deaths caused by criminal activities, fraud, or undisclosed pre-existing conditions can also lead to rejection. High-risk activities like extreme sports may not be covered unless specified. Always check policy exclusions before getting a Term Life Insurance Quote to ensure the right coverage.