Will Life Insurance Cover Drug Overdose

It all depends on the reason behind the drug overdose.

Will life insurance cover drug overdose. Additionally there is nuance when the overdose is from a prescribed drug versus an illegal drug or from alcohol. There is a possibility for the insurance policy to be canceled if the cause of death was a suicide by means of a drug overdose. An overdose on a prescription drug prescribed by a licensed physician may be deemed accidental. 4 if the drug overdose was due to mental illness contracted after getting the policy the policy will pay.

It does not always cover drug overdose however. I just bought jenny life insurance to make sure my family had tax free money if something were to happen to me. This is especially true if the life insurance policy was just taken out and the insured died as a result of a drug overdose shortly after the policy was issued. There are some cases wherein drug overdose is covered by life insurance but not always.

Many insurance physicals test for drug use. Unfortunately alcohol or drug use are among the most common reasons life insurance claims are denied. But that has since changed. Costs about 1 25 a day and got 500k in coverage.

Life insurance covering drug overdose can be confusing. If an individual is forthright about their drug use during the application there is a chance that the life insurance policy will cover the drug overdose. There may be some caveats in some policies but the above is how life insurance generally works. For example if the overdose was deemed unintentional they may approve the claim and pay out the death benefit.

Yes life insurance can cover drug overdose. The first factor is the type of drug that the insured had overdosed on. If the drug overdose was deemed intentional a life insurance provider can deny the claim and refuse to payout the death benefit. 3 if the drug overdose was due to a drug habit picked up after getting the policy the policy will pay.

In these cases the insurance company will usually want proof such as an autopsy and witness testimony that the overdose was not intentional. If you are a beneficiary whose claim was denied due to death by alcohol or drugs call us. There are factors that insurance companies look into to determine if the insurance company will pay the death benefit for a drug overdose. It used to be that life insurers wouldn t cover people who engaged in dangerous and risky behaviors such as drug use.

A drug overdose doesn t necessarily warrant the cancellation of an insurance policy. Does a drug overdose break a life insurance policy. Although life insurance companies can deny a claim in the case of a drug overdose there are instances when they do cover such claims.