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Many policies will contain an exclusion for suicide for the initial two years that the policy is in force. Other states have other statutory limitations on the period during which suicide will not be a covered cause of loss.
One of the primary reasons for the exclusion is that life insurance, like other types of insurance, is intended to cover fortuitous losses, not intentional ones. It is similar in theory to insurance coverage not applying to intentional acts committed by the insured.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoIt depends on the policy. It's fairly common for a policy to exclude death by suicide for the first couple of years, but after that it's normally covered the same as any other death.
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Does life insurance covers suicide in Illinois?
Read the specific policy exclusions in the life insurance contract. It will detail the impact of a suicide on the benefits, if any.
Will life insurance pay out if I die from autoimmune disease in the joints?
Life insurance covers death by any causes not specifically excluded. That generally means they don't cover suicide. Life insurance covers death by natural causes, i.e a disease.
Is suicide covered by life insurance?
In general, insurance covers "fortuitous" events: those that are neither planned nor intentional, and life insurance is no different. However, there is typically a provision in life insurance policies that payment will not be denied if the insured dies of suicide after 2 years from the date that the policy was issued. This is called an "incontestibility clause".
Is there any way to get accidental death insurance to pay in the event of suicide?
No. No insurance policy covers death in case of suicide.
Can your son collect life insurance young you commit suicide?
Most life insurance policies do not pay out for suicide.
What has the author James George Davey written?
James George Davey has written: 'Life insurance offices and suicide' -- subject(s): Insurance, Life, Life Insurance, Suicide 'Life insurance and suicide' -- subject(s): Insurance, Life, Life Insurance, Suicide 'On medical evidence in our law courts' -- subject(s): Jurisprudence, Insanity 'The Ganglionic Nervous System: Its Structure, Functions, and Diseases'
What kind of insurance does Banner Life Insurance offer?
Banner Life Insurance offer life insurance services. They offer Term Life Insurance which covers a person for a specific time and Universal Life Insurance which covers one for life.
What is covered under life insurance Is suicide covered?
Suicide is usually excluded under a life insurance policy. The suicide exclusion usually states that there is no payout of life insurance proceeds if the death is due to suicide within two years of the puchase of the life insurance policy. In some states, like Colorado, the suicide exclusion is one year.
What does State of Texas law say regarding suicide and life insurance?
Suicide and life insurance isn't regulated by state law, it is regulated by the insurance company and outlined in the insurance papers.
Can you get life insurance after suicide attempt?
hell no
Does group life insurance cover suicide?
To the best of my knowledge, In the US all life insurance companies cover suicide after 2 years of in force issue.
Is there a suicide clause on a group life insurance policy?
no
