Life insurance policies will normally pay for losses arising from
a) commercial aviation
d) hazardous jobs
The Correct Answer Is:
- a) commercial aviation
Life insurance policies will normally pay for losses arising from commercial aviation. The life insurance policies that are issued to individuals and families will normally pay for losses arising from commercial aviation. This means that the policy holder will be reimbursed for any expenses that they incur as a result of a plane crash, as long as the crash occurred while the policy was in force.
For most people, life insurance policies provide financial security in the event of death. But what if you die in a commercial aviation accident? Life insurance policies will normally pay out for losses arising from such accidents, including any funeral expenses and lost wages. Policies typically have provisions for coverage up to $250,000 per person, so your family will be well-protected should something happen to you while travelling in an aircraft. If you’re involved in a commercial aviation accident and your policy doesn’t cover those types of losses, make sure to speak with an experienced insurance lawyer about your options.
Life insurance policies will not pay out in cases of loss arising from war. This includes natural disasters, terrorist attacks, and other military action. The exclusion is based on the argument that such events are outside the definition of life, and as such should not be covered by a policy. There are a few exceptions to this rule, which include death due to exposure to toxins or radiation as a result of war.
Suicide is a tragic act that can lead to unexpected losses for those who are unlucky enough to be affected. Life insurance policies will not pay out on claims stemming from suicide, even if the policyholder was clearly suicidal when they took their own life. This is because suicide is considered an intentional act, and as such, life insurance policies do not cover losses that arise from such an event. This means that survivors may have to face hefty financial bills in the aftermath of a loved one’s suicide.
Life insurance policies will not pay out for losses arising from hazardous jobs, like mining and logging. This is because the risks associated with these jobs are considered “uninsurable risks.” Insurers believe that there is a high chance that an employee will die in a hazardous job, and so they do not think that the premiums paid to protect the policyholders would be worth it.