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Life Insurance

Does life insurance cover suicide?

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Wiki User
October 27, 2010 12:17AM

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.