|
|
 |
 |
 |
 |
 |
On other message boards, there has been a discussion regarding the "War Clause" in a Life Insurance policy.
In this discussion, one poster, Ken Young (this poster is actually the owner of the message board, and a self-proclaimed expert in this subject matter) makes some assertions, and states some facts that seem to be un-verified.
In this discussion, he said, and I quote:
"In response to your second inquiry you will find that ALL insurance companies have a war exclusion in them including Primerica policies. The clause will read in words or a combination of words as follows. "If death should occur due to "Acts of War" regardless if they are declared or undeclared the company will not assume any liability"
Posters disagreed with him on this statement, saying that "War Clauses" are very rare, if not completely non-existant in policies today.
When confronted with this, he explained that there was some confusion in the interpretation of his statement, as seen here, in his statement:
"You are having a problem interpeting the difference between a war clause and an official order signed on November 6, 2003."
My question to the readers of this board, both to Mr. Young, as well as financial/insurance professionals and experts, is this:
What "Official Order" is Mr. Young talking about? Who signed it? What is its purpose?
As a consumer who has Life Insurance, I would like to know if and how this affects my policy.
Thank You
FC