Washington Life Producer Practice Exam

All of these are common exclusions to a life insurance policy EXCEPT?

1. Suicide

2. War-related deaths

3. Non-disclosure of medical history

4. Accidental death

The correct answer is: Accidental death

In life insurance policies, common exclusions serve to limit the insurer's liability for certain risks. Typically, exclusions include risks that the insurer deems to be too high or not aligned with the purpose of life insurance. Accidental death is generally not an exclusion in life insurance policies; in fact, policies often cover accidental deaths as part of the standard terms. Many life insurance policies aim to provide coverage for deaths that result from unintended circumstances. Therefore, this type of death does not fall into the same category as the others mentioned, which are commonly excluded. Suicide is often excluded from coverage for a certain period after the purchase of the policy, as insurers seek to minimize the risk of claims associated with suicide. War-related deaths are also frequently excluded since they present an elevated risk for insurers, particularly in contexts of active military service. Non-disclosure of medical history can lead to a policy being rescinded or claims being denied, as insurers rely on accurate information to assess risk at the time of issuing a policy. Thus, the key understanding here is that accidental death is typically covered, unlike the other options listed that are usually considered exclusions in life insurance policies.