What Does Term Life Insurance Not Cover? 
Term life insurance policies have what is known as a contestability period of two years . This two year period allows an insurance company to investigate a cause of death . If the cause of death is a suicide , they will not pay . If they find an omission of health or lifestyle condition on the application and it contributed to the cause of death , they can decline the death claim . After two years , if all the information was true and complete and the cause of death is not specifically excluded , such as `` act of war '' , then every cause of death should be paid . 