Which of the following is NOT a standard exclusion found in a life insurance policy?

In the context of life insurance policies, standard exclusions are conditions or circumstances under which the insurance company will not pay benefits. It is essential to recognize that disability is not typically a standard exclusion in life insurance policies. Rather, it falls under a different category related to disability insurance, which specifically provides coverage for loss of income due to an inability to work.

The other options—suicide within the first two years, war and military service, and hazardous activities—are all common exclusions found in life insurance policies. For instance, many insurers exclude claims related to suicide for a specified period following the policy's issuance to prevent adverse selection. Similarly, risks associated with war or military service and numerous dangerous activities are frequently excluded due to the heightened risk they pose to the insurer.

Understanding these distinctions is key for individuals studying life and health insurance. It highlights the types of risks that insurers typically manage through exclusions, while clarifying that disability-related claims are instead addressed through separate types of insurance.