There is no question for the member to fall in deep water if the president of the insurance company committed suicide, because apart from the President, there is Board of Directors,associated with the day-to-day affairs of the Co. However, if the Insurance Co. is a private one, there may be temporary turmoil,though they are all governed by laws of the state. So, it is advisable to the member to watch and see and if anything untoward happens, better contact legal aids forum for remedy.
If you are the beneficiary of a life insured person who committed suicide, and the policy was older that two years (depending on what company and state), then yes.
Generally, insurance policies exclude suicide. Check with your insurance company, as they are all different.
Yes, contact the insurance company claims department.
An Insurance company cant commit suicide. So, I am not sure what you are trying to ask here. If you are asking about, what would happen if the insurance policy holder commits suicide? In that case too, nothing will happen. The insurance company will not pay any money to the deceased persons family. Insurance claims can be made only if death occurs by accident or natural causes. Not suicide.
No. Life insurance policies are usally voided in the case of suicide.
Suicide and life insurance isn't regulated by state law, it is regulated by the insurance company and outlined in the insurance papers.
Only if the insurance company can prove that it was suicide.
John Quincy Adams did not commit suicide. He died at an advanced age from a stroke. No US president has ever committed suicide.
He was the president of Guatemala. He ruled around July 1949. His Father committed suicide and his daughter, a fashion model, committed suicide as well.
No. I don't think suicide is not covered by any insurance policy in any state/country. Suicide is willful and intentional killing of oneself and no insurance company will cover it. So, your beneficiary will not get even a single penny if you commit suicide.
Logically, he should not be denied his right of life insurance,even after his act of attempted suicide.But if there was police case,it's better to reveal the fact in the proposal form for consideration of the Insurance Company.
It is not a US President. It may refer to the suicide by the youngest son of Iranian president Hassan Rouhani (took office August 2013).