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Does a drug overdose break a life insurance policy?In: Life Insurance |
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Answer
Read the policy. An accidental overdose of prescription drugs is probably covered. If it was an intentional overdose, most policies have an exclusionary period, typically 3 years I believe, during which death by suicide is not covered. There are also exclusions for "participation in illegal activities", so if it was an overdose (accidental or intentional) of "recreational" drugs, maybe not.
Answer
The previous statement is accurate except that the exclusion period (contestable period) is usually 2 years except in Colorado where it is 1.
First answer by Rfor. Last edit by John Toy. Question popularity: 218 [recommend question]
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