Luckily, this is one that I don’t get very often—okay, not once—but part of me has really wanted a genuine vampire-bite victim to seek out my council just so that I could legitimately check “Give a Vampire Advice” off my bucket list.
If you’ve been bitten by a vampire, though, and are concerned about your loved ones being able to file a claim, fear not! Technically, you’re dead and as far as I’m aware, no insurance company out there has an “undead clause” built into their policy that will reject a claim from your loved ones.
Of course, there’s plenty of situations where a claim can be voided, but it largely depends on how honest you were on your application and how diligent you were about paying your premiums. No life insurance application out there asks, “How likely are you to get bitten by a vampire?”, so you don’t need to worry about the insurance investigators finding an inconsistency on your application as related to your cause-of-death.
In fact, outside of application fraud and premium delinquency, there’s very little that a life insurance company won’t payout on. Most of the time, what people think a life insurance company will reject, is just a misconception of what their clauses actually state. Try out the AAMI life insurance calculator for yourself & find out what kind of cover you & your family are eligible for.
COMMON CLAUSE MISCONCEPTIONS
Really, there’s only two main clauses written into most life insurance policies and they regard: suicide and acts of war. For these two clauses, it’s commonly misconceived that a life insurance company will refuse to pay claims on either, but this isn’t true.
- SUICIDE—Death by suicide isn’t always grounds for rejection; it can be rejected, but it depends on how long the policy has been active and what is printed on the death certificate. If the policy has been active for less than two years, and the death is ruled a suicide by the coroner, the contract will be voided and any claims filed will be rejected.
However, if the policy has been active for over two years, a suicide will not void the contract and claims will be paid.
- ACTS OF WAR—I’ve heard this one thrown around quite a bit as something that an insurance company will reject and it’s an understandable misconception. It does state that if the policyholder dies as a result of an act of war against America, a claim will be rejected.
However, this clause has never actually been enforced. Dating back to Pearl Harbor, all policyholders who have died as a result of an act of war have had claims on their policies honored and paid.
So, why does this clause even exist? Essentially, it’s the insurance policy’s insurance policy for a worst case scenario. Should a major catastrophe occur from an act of war that results in more deaths than the insurance company can payout on, they have this clause in place.
IT’S OKAY, DRACULA—YOUR LOVED ONES ARE SAFE
Rest easy that your life insurance company isn’t going to come up with some reason to deny your claim, as long as you fall into the guidelines that they have in place. If vampires are suddenly becoming a thing, they might implement some kind of clause at that point, but for now, you’re good to go.
More than likely, your loved ones will have their claim check within 10 days. Perhaps you can all go vacationing—you know, somewhere dark. I hear Alaska gets a lot of night!