Deltaforce
New Member
- 5
Hello folks,
I stumbled upon this board while searching for insurance-related information. I am glad, I did. There is a wealth of insurance-related info on this board. Thanks to everyone that shares their knowledge.
I have a question about the 30-year term life insurance that we bought about 8 years ago (Split between Prudential, Guardian and William Penn). The primary goal of this insurance was a financial backup for whoever is left behind, should anything fatal happens to me or DW. That time our 3 YO son also had a ton of medical issues so we were expecting a big expenditure on medical expenses (but now everything has settled down). We made this clear to the agents we worked with. Since then we have been paying the premiums religiously.
After going through a few threads here, I came across 'exclusions' or accident factor (I am pretty sure, I am not using the correct term but the payout when the person is in an accident, be it a car crash, train crash or anything else). I had no idea if such things exist. Our understanding was that the term life insurance kicks in when death occurs by any means (except suicide, of course). How do I find out that our policies have this thing covered and if there are any exclusions we should be aware of.
We may have gotten documentation while signing up but I have no idea where it is now.
Many thanks in advance.
I stumbled upon this board while searching for insurance-related information. I am glad, I did. There is a wealth of insurance-related info on this board. Thanks to everyone that shares their knowledge.
I have a question about the 30-year term life insurance that we bought about 8 years ago (Split between Prudential, Guardian and William Penn). The primary goal of this insurance was a financial backup for whoever is left behind, should anything fatal happens to me or DW. That time our 3 YO son also had a ton of medical issues so we were expecting a big expenditure on medical expenses (but now everything has settled down). We made this clear to the agents we worked with. Since then we have been paying the premiums religiously.
After going through a few threads here, I came across 'exclusions' or accident factor (I am pretty sure, I am not using the correct term but the payout when the person is in an accident, be it a car crash, train crash or anything else). I had no idea if such things exist. Our understanding was that the term life insurance kicks in when death occurs by any means (except suicide, of course). How do I find out that our policies have this thing covered and if there are any exclusions we should be aware of.
We may have gotten documentation while signing up but I have no idea where it is now.
Many thanks in advance.