Which of the following represents a common exclusion in a life insurance policy?

A common exclusion in a life insurance policy is suicide. This exclusion is typically in place to prevent potential abuse of the policy by individuals who might purchase life insurance with the intent to take their own life shortly thereafter. Insurers often have a waiting period, usually around two years, during which they will not pay a death benefit if the insured commits suicide. This exclusion is based on the understanding that life insurance is meant to provide financial support for the beneficiaries in the event of an unexpected death rather than to incentivize or provide financial benefits in cases of self-harm.

Natural disasters, illnesses, and nutritional deficiencies are generally not categorized as standard exclusions. Most life insurance policies will cover deaths attributed to natural disasters unless specifically stated otherwise in the policy. Illnesses are covered, as that's one of the main purposes of life insurance: to provide financial protection to beneficiaries in case the insured passes away due to health issues. Similarly, nutritional deficiencies would typically fall under the broader category of health-related conditions that are not excluded unless stated in the policy. Therefore, suicide stands out as a prominent and recognized exclusion in life insurance contracts.