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will suicided be covered by life insurance?

  • 作家相片: Ruthanna
    Ruthanna
  • 2023年3月27日
  • 讀畢需時 1 分鐘

In most cases, suicide is not covered by life insurance. Most life insurance policies have what is called a "suicide clause" which stipulates that if the policyholder dies by suicide within a certain period of time after the policy is purchased (usually two years), the death benefit will not be paid out. This is done to prevent people from purchasing life insurance with the intention of committing suicide and leaving their beneficiaries with a large sum of money.

However, after the suicide exclusion period has passed, most life insurance policies will cover death by suicide like any other cause of death. It's important to read your policy carefully and understand the terms and conditions regarding suicide and other exclusions. If you have any questions or concerns, it's a good idea to discuss them with your insurance agent or company.



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