Can Life Insurance Deny A Claim? 
All life insurance companies are regulated by state insurance commissions regarding payment of claims , and rating agencies will rate them poorly if they are slow or negligent in paying claims . Only suicide is universally not covered during the first two years of the policy , although companies sometimes exclude other things -LRB- such as death occurring while committing a felony -RRB- . Death during the first two years of the policy is during the `` contestibility '' period . If the Insured dies within two years after taking out the policy , insurance companies may their review medical records and life insurance application to be sure that they were forthcoming when applying for their policy . If they lied or purposefully omitted something that was required by the life insurance agency , the claim could be denied . If they were truthful , or if the insurance company did not ask about that particular detail , their claim will be paid . 