The exclusions and limitations in an income protection insurance policy is a general list of high-risk conditions or activities an insurance carrier will not cover under a disability insurance policy. These conditions/activities are, generally, the same for every person who purchases that policy.
The conditions/activities listed are, generally, seen as either self-inflicted or dangerous enough that the insurer could not reasonably calculate the cost of the risk into the premium.
At LifePreserve, to be completely transparent about our policy, we have included our Exclusions and Limitations from our Income Protection Plan on our FAQ page. This way an applicant knows exactly what she is buying.