Eligibility

·       Program is available to professionals working and living outside of their country citizenship, regardless of nationality.

Natural Causes Only (NCO) & Death All Causes (DAC)

·       Exclusion applies to both your NCO or DAC policy. These situations are not covered: Suicide, death as a result of criminal act by insured, nuclear, chemical, biological, war, and terrorism.

Worldwide Coverage

·       Worldwide “Death All Causes” coverage available in broad range of countries

·       “Natural Causes Only” coverage available in high risk locations, i.e. – Iraq and Afghanistan

War and Terrorism and other exclusions

·       In general war and terrorism is covered by the policy. The only thing that is not covered is nuclear, chemical, and biological terrorism. Any other acts of war or terrorism, for example an IED, suicide bomb, etc., would be covered.

·       As we discussed on the phone, the contract is slightly confusing because war and terrorism are listed in the exclusions section. This is because all standard Lloyd’s of London contracts exclude war and terrorism. However, in this policy an endorsement is included at the end of the contract under the War and Terrorism Clause which specifically includes war and terrorism. Therefore, war and terrorism are covered except for in the specific case of nuclear, chemical, or biological terrorism as mentioned above.

·       Other exclusions include criminal acts, suicide, drugs and alcohol, and an illness waiting period. If the insured’s death is a result of a criminal act committed by the insured, then that is excluded. If the insured commits suicide, then that is excluded. If the insured’s death is caused by drug or alcohol use (excepting drugs used as prescribed by a doctor), then that is excluded.

·       Lastly, death caused by illness that occurs in the first 6 months is not covered. Death caused by illness after the first 6 months is covered.