Some nasty exclusions may be hidden there. Here's an example.
An exclusion on a Bank Life insurance policy which states that the insured person is not covered if the death is caused by an illegal act.
In New Zealand, we do not have a reminder system to renew our licenses when they expire. We have it for our Rego and sometimes WOFs but not for Drivers Licenses, and since these licenses are issued over long periods of time like 5 and 10 years, when it does expire, there is a very high chance that you will have driven around for quite some time before it comes to your attention that you are driving without a currently valid license.
Now if you die from an accident whilst driving at such a time, that Insurance policy may very easily decline a claim because you were driving illegally.
Worth the chance?
The policies we organise do not have these exclusions.