A term life insurance policy covers most deaths resulting from accidental and natural causes. There is a two-year contestability period in cases of suicide. This means a policy won’t pay if there is a suicide within the first two years - all premiums paid will be returned to the beneficiary. Situations involving fraud and material misrepresentation will be investigated by the carrier and may be denied. All claims are reviewed and if needed, investigated, by the carrier that issued the policy.