Which of the following is NOT a typical policy exclusion?

Life-threatening illnesses are typically not considered a standard exclusion in life insurance policies. Unlike the other options, which are common exclusions, life-threatening illnesses generally fall within the scope of coverage for health and life insurance products. Most policies are designed to provide benefits in the event of serious medical conditions, adhering to the principle of protecting the insured against substantial financial loss due to health issues.

On the other hand, exclusions like war, suicide, and the commission of a felony are customary because they represent risks that insurers often do not cover. For instance, losses incurred due to war are usually considered too unpredictable and potentially massive in scale for insurance companies to underwrite. Similarly, suicide may have a contestability period where it is excluded from coverage, particularly if it occurs within a specified time after the policy is issued. The commission of a felony is excluded since engaging in illegal activities typically voids coverage, as it goes against the ethical and legal guidelines that insurance companies operate under. Therefore, the absence of life-threatening illness as a typical exclusion makes it the correct answer.