Asked by Barbara silva on Jul 17, 2024
Verified
Taft takes out an insurance policy on his wife,Kathryn,when he learns that she is to be stationed in another country that is at war.She gets killed while on duty in the war zone.Can Taft collect on the life insurance policy? Explain.
Insurance Policy
A contract between an individual or entity and an insurance company, detailing the terms for the payment of claims in the event of loss.
War Zone
An area where armed conflict is taking place, often recognized as such by military authorities.
Killed
The action of causing the death of a living entity, whether intentionally or unintentionally.
- Evaluate the legal aspects of insurance policies in distinct scenarios.
Verified Answer
VN
Valeria NavarreteJul 24, 2024
Final Answer :
Taft likely cannot collect on the life insurance policy in this case.Life insurance policies usually include an exemption from liability in times of war.The exemption states that the insurer will not be liable on the policy if the insured is killed while a member of the armed forces,generally outside the continental United States,or by service-connected causes.
Learning Objectives
- Evaluate the legal aspects of insurance policies in distinct scenarios.