In which cases does the death of the insured not result in the payment of life insurance?

If you are the designated beneficiary of a life insurance contract, you must in principle receive the principal or annuity guaranteed on the death of the insured person.

However, there are cases in which the money is not paid out as planned:

The death guarantee does not apply

If the insured commits suicide during the 1^era in the year of the contract, the death guarantee does not apply. For a life insurance contract with a cash value, the insurer must, however, pay the accumulated savings.

The capital is not paid to the designated beneficiary

If you are convicted in court for willfully killing the insured or subscriber (in general, the subscriber is also the insured), the contract can no longer be applied in your favor. But if other people have been designated as beneficiaries, they will be able to collect the capital provided for in the contract.

In the absence of an identifiable beneficiary, the planned capital is not transferred within the tax framework of the life insurance contract, but falls back into the ordinary estate of the deceased insured. This can happen, for example, if the beneficiary clause has not been fulfilled or if the beneficiary clause is imprecise. This also happens if the designated beneficiary has already died but the beneficiary clause does not provide for the mechanism of representation so that his heirs can receive the capital in his place.

If the beneficiary clause provides for representation in the event of renunciation, the designated beneficiary may decide to renounce the collection of the capital due to him, so that his heirs receive it in his place.

The contract cannot be enforced

In some cases, the law provides for invalidity of the contract entered into: for example, if the contract is entered into on the head of a minor under 12 years of age or an adult in guardianship.

In case of non-payment of premiums, the contract may be terminated.