FREQUENTLY ASKED QUESTIONS
Q: What do you mean by ‘death by natural cause’?
A: In the most general terms, death by natural causes is an unexpected death. That is: a death not resulting from accident, homicide or suicide. Likewise dying as the result of a natural disaster such as an earthquake is not considered death by natural causes.
Death by natural causes typically occurs when a disease progresses to the point that it causes organ failure and the person dies. Types of diseases that typically lead to death by natural causes include heart disease, diabetes, cancer, stroke, Alzheimer’s and some genetic disorders.
Q: What do you mean by ‘terminal illness’?
A: Should a covered individual be diagnosed with a terminal illness, payment can be distributed while the policyholder is still alive, as long as their death from the illness is considered a certainty. Terminal illness riders are common on many life insurance policies.
Q: What do you mean by ‘accidental death’?
A: An accidental death policy is usually built into life insurance policies and it can also be added as a rider. For the purposes of the accidental death policy, the time frame used to determine whether or not the death was related to a specific accident is measured from the time of the accident, and that window of time is codified in the policy.
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