by Sheriff Raff -Answerhag on July 26th, 2009

Sheriff Raff  -Answerhag

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If you participate in clinical trials for pharmaceuticals (for money) and then die during this, will most insurance policies pay out death benefits on this?

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  • by Pogster on September 4th, 2009

    Pogster

    A life insurance policy in full force will usually pay the full death benefit, unless there is a clause in the policy specifically exempting this type of activity. The contestibility clause in most life insurance policies pertains to false or erroneous statements on the original application about one's health. For instance, if you have had cancer or heart trouble prior to applying for the policy, and you do not disclose that fact on the application, the company can refuse to pay the full death benefit; in such cases, the premiums paid in are refunded, at least in part.

    This particular type of death could possibly be classified as accidental, since it was not homicide nor suicide nor natural.

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