What Does Life Insurance Not Cover? 
Life insurance covers the life of the insured . There are a few exclusions within the first two years . These two years are known as the contestability period . This time period gives the life insurance carrier time to investigate as cause of death to see if an illness was missed during the underwriting period . Another common cause of death to be excluded under the contestability period is a suicide . After the two year contestability period most companies will pay the death benefit regardless of the cause of death unless fraud can be explicitly proven or an activity such as racing , skydiving , rock climbing , etc. is excluded upon issue of the coverage . 