Which of the following is NOT typically covered by a basic life insurance policy?

A basic life insurance policy typically contains exclusions that limit coverage for certain circumstances. One significant exclusion is suicide, particularly within the first two years of the policy. This provision is known as a suicide clause and it is included to prevent individuals from obtaining life insurance with the intent to commit suicide shortly after the policy is issued. Insurers seek to mitigate the risk of claims that arise from intentionally self-inflicted harm during this period when the policyholder is still within the contestability phase.

In contrast, natural disasters, death by accident, and unintentional death outside of the policy terms are typically covered. Most life insurance policies will cover death resulting from accidents or unforeseen circumstances, as long as they do not fall under specific exclusions detailed in the policy language. This underscores the importance of reviewing and understanding the specific terms and conditions of a life insurance policy.