Final answer:
Standard exclusions in life insurance policies typically include hazardous occupations and aviation, as they entail increased risk. The phrase 'ward all of these' seems to be a typo and is not recognized as a standard exclusion. Exclusions are a part of the insurance service contract, which includes terms for the insurer's premium payments and policy warranty.
Step-by-step explanation:
Standard Exclusions in Life Insurance Policies
Life insurance policies often include a number of standard exclusions where the policy will not pay out. These exclusions are conditions or activities that the insurance company deems too risky, meaning they have a high likelihood of leading to the death of the insured. Common exclusions include hazardous occupations, which require an occupational license and represent a significant risk. Aviation exclusions are also common, especially if the insured is a private pilot or engages in non-commercial flying activities. Another standard exclusion could be for engaging in certain risk groups, where the chance of an adverse event happening is higher due to specific activities or lifestyle choices.
The phrase 'ward all of these' that appears in the question seems out of place and might be a typo; it does not represent a standard exclusion. Standard exclusions are part of the service contract details, where the insurance company, in exchange for a premium payment, agrees to take on the risk of the insured’s death, given that it falls outside these excluded conditions. Should something go wrong that is not excluded, beneficiaries are assured by the policy's warranty to receive the agreed-upon death benefit.