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Flashcards in 10.2b Deck (5)
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1
Q

Life insurance policies also include provisions and exclusions to protect the insurer in the event of likely death or illegal activity that might affect a______.

A

life insurance policy’s proceeds

2
Q

A common life policy exclusion is false pretense or information provided on the application for life insurance with the intent to ______ .

A

deceive and defraud the insurer

3
Q

If the policyowner dies as a result of a felonious act (death occurring while committing a crime, NOT the victim of a crime), death benefits ______.

A

will not be given to a beneficiary

4
Q

Private aviation (flying a private airplane) is often excluded due to the elevated risk level associated with such profession or hobby. This exclusion normally pertains to ______, and not if death occurs during commercial aviation, such as being a passenger on a commercial airline

A

private aviation

5
Q

Death resulting from military service is typically excluded from coverage. Death benefits will not be paid if the policyowner’s death is the result of participation in war. Military personnel receive ______ under the rules and regulations of the U.S. military.

A

governmental coverage