Does drug overdose affect life insurance?

Your life insurance policy will pay out death benefits to your beneficiaries if you die from a motor vehicle accident, drowning, poisoning, accidental drug overdose, or another tragedy.

Is an overdose an accidental death?

Accidental Drug Overdose Both life insurance policies and state laws have different definitions for “accidental death”. According to the National Institute on Drug Abuse, a death is accidental when: the drug was taken accidentally. too much of a drug was taken accidentally.

Does life insurance pay for overdose death?

Life insurance covers accidental deaths. If you die from an accidental drug overdose, motor vehicle accident, poisoning, drowning or another tragedy, your beneficiaries will receive the death benefit.

Can a life insurance policy be canceled due to a drug overdose?

It all depends on the reason behind the drug overdose. There is a possibility for the insurance policy to be canceled, if the cause of death was a suicide by means of a drug overdose.

Can a life insurance company deny a death benefit?

If the drug overdose was deemed intentional, a life insurance provider can deny the claim and refuse to payout the death benefit. This is especially true if the life insurance policy was just taken out and the insured died as a result of a drug overdose shortly after the policy was issued.

Can a health insurance company deny a drug overdose claim?

Just like it depends on the nature of the drug overdose, it also depends on what type of drug the insured overdosed on. An overdose of an illicit drug, such as cocaine, heroin, or meth, the insurance company could argue that the insured knew the dangers of using the drug, and therefore, the overdose was non-accidental and a claim could be denied.

Can a prescription drug overdose be ruled accidental?

An overdose on a prescription drug, however, may be deemed accidental, because prescription drugs are prescribed by licensed physicians. For example, if someone overdoses on Oxycontin that was prescribed by a doctor, the death may be ruled accidental and the life insurance company would likely pay the death benefit.