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Mae Said:

Can you advance borrow against Joint Personal Life Insurance cover?

We Answered:

Not if it is just straight "life cover", which is a policy that only pays out in the event of the death of one of the joint lives. If it is a different type, then this may be possible, but both insured would have to act together.

You really need to make some detailed enquiries of the company that issued the policy to get some more details and, if you have one, an independent financial adviser.

Kyle Said:

which life insurance plans cover murder?

We Answered:

The only death that is not covered is suicide in the first 2 years. If your beneficiary murders you they money would go to the next person in line.

Clarence Said:

Term Life Insurance: Does it cover homicide?

We Answered:

In many life insurance companies, no one is covered if the owner of the policy commit suicide. Some companies have a suicide clause where you are covered for a certain amount of time when you commit suicide. For a beneficiary to claim life insurance proceeds, a proof of death is required.

Remember, if you are choosing term, you want to choose the maximum length available like 30 years. And also, you want to invest in mutual funds at the same time (you should put away $100/month into it if you understand the Dollar Cost Averaging concept).

Nicholas Said:

does life insurance cover accidental death?

We Answered:

Yes, standard life insurance covers just about ANY kind of death, except war, after the contestable clause is over.

Natural causes are NOT accidents. Dictionary.com will give you basic definitions.

Accidents are something from the OUTSIDE that kills you. Natural causes are something from the inside that kills you, including infection and diseases.

The REASON why accidental death coverage is so darned cheap, is because there's VERY little likelihood that you'll actually die in a way that's covered.

Disability is an income replacement coverage. Accidental death policies can be lumped together with dismemberment coverage. Dismemberment can also be covered under straight health insurance, workers compensation insurance, and in some cases, a wide range of liability insurance policies.

Missing limbs that disable you - when you're talking about insurance coverage you ALWAYS ALWAYS have to read the policy. Exactly what is covered, is clearly spelled out. Breaking a fingernail off - not covered. Losing your arm past the elbow - usually covered.