The death benefit will be paid to your beneficiary at the time of claim if you have died for any reason except the following:
It has been determined that insurance fraud has been committed
Questions within the application were not answered truthfully and are discovered during the two year contestable period
Your death is the result of suicide during the first two years of the policy being in force.
Does the policy I apply for with Ethos include any riders?
Yes, the policy includes an accelerated death benefit. This rider allows the insured the ability to access a portion of the death benefit upon qualified diagnosis of a terminal illness. The accelerated benefit can be used to pay medical expenses or anything else the insured decides. The accelerated amount will reduce the total death benefit, so the amount paid to the beneficiary upon death of the insured is less. Refer to the accelerated death benefit rider for details.
Expenses covered by life insurance
Typically, the life insurance death benefit is used to help cover expenses like home mortgages, funeral expenses, children’s college tuition, existing debt, child care or dependent care, medical bills, living expenses, cosigned debt, or any other expenses your loved ones may have after your passing. However, it’s ultimately up to your beneficiary (or beneficiaries) to decide how to use the death benefit.