Life Insurance-Related Murder
http://insureme.us/life-insurance-related-murder/
Wikipedia defines life insurance to be “a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s or individuals’ death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount (at regular intervals or in lump sums). There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured’s demise.”
Life policies are the legal contracts with regards to life insurance and the conditions of the contract has limitations of insured events. Detailed, precise exclusions are often written into the agreement to limit the legal responsibility of the insurer. Suicide, fraud, war, riot and civil commotion are just such exclusions.
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