What is typically not covered under a standard life insurance policy?

In the context of standard life insurance policies, certain conditions and exclusions are put in place to manage risk. The answer that states suicide within the contestable period is typically not covered aligns with common policy provisions.

The contestable period is usually a two-year timeframe following the inception of the policy during which an insurer can investigate and deny claims based on misstatements or omissions made by the policyholder during the application process. Within this period, if the policyholder dies by suicide, the insurer may not pay out benefits, as this is often categorized as a pre-existing condition or misrepresentation.

On the other hand, natural causes of death, accidental death and dismemberment, and even death due to old age are generally covered under standard terms, barring any specific exclusions outlined in the policy. These options reflect circumstances under which life insurance is designed to provide financial protection, reinforcing the point that suicide during the contestable period remains a unique exclusion due to the factors surrounding risk management in underwriting.