What Does Life Insurance Not Cover? 
Video Transcript : Today 's question is , `` What does life insurance not cover ? '' Well , during the first two years of the life insurance policy from the day that it 's issued , they do n't cover suicide . And if there are material misstatements or fraud in the contract , the death claim could be in jeopardy from being paid . So , you always want to be able to be honest about all your issues in the contract application , all the questions . By the way , that includes smoking . Some people try to say , I am not a smoker , when they are . And if they find that out , there could be elements of fraud or misrepresentation on the application that again , could put in jeopardy your death claim . So , I always say , be as honest as you can on the application . Just tell the truth . And remember , they do n't pay on suicide during the first two years . It 's called the contestability period . 